North American Funds


P.O. Box 9132


Hingham, MA 02043-9132


                           VOTE TODAY BY MAIL,


                     TOUCH-TONE PHONE OR THE INTERNET


                      CALL TOLL-FREE 1-888-221-0697


                      OR LOG ON TO WWW.PROXYWEB.COM


              ****  CONTROL NUMBER: 999 999 999 999 99  ****




                                                                 
(down arrow) Please fold and detach card at perforation before mailing (down arrow)



BALANCED FUND                                                        PROXY


  This proxy is solicited on behalf of the Board of Trustees of North America
                                  Funds


   The undersigned hereby appoints John I. Fitzgerald, Thomas Brown, Nori L.
Gabert and Todd Spillane, or any of them, as proxies, each with the power to
appoint his or her substitute, and hereby authorizes each of them to represent
and to vote, as designated on the reverse side of this card, all of the shares
of the above-referenced Fund (the "Fund") of North American Funds held of
record by the undersigned on September 17, 2001, at a Special Meeting of
Shareholders of the Fund to be held at the principal executive offices of
North American Funds, 286 Congress Street, Boston, Massachusetts 02210 on
November 7, 2001 at 10 a.m. Eastern Time and at any adjournment thereof.


   By signing and dating this card, you authorize the proxies to vote each
proposal as marked, or if not marked, to vote "FOR" each proposal, and to use
their discretion to vote for any other matter as may properly come before the
meeting or any adjournment thereof. If you do not intend to personally attend
the meeting, please complete and return this card at once in the enclosed
envelope. Alternatively, you may vote your shares by following the phone or
Internet instructions above.


                                          (down arrow) Dated: _______


                                          SIGN, DATE AND RETURN THE PROXY CARD


                                          PROMPTLY USING THE ENCLOSED ENVELOPE


                                            Signature (or signatures if held
                                                      jointly)


                                          Please sign exactly as name appears
                                          hereon. When shares are held by
                                          joint tenants, both should sign.
                                          When signing as attorney or as
                                          executor, administrator, trustee or
                                          guardian, or as a custodian for a
                                          minor, please give full title as
                                          such. If a corporation, please sign
                                          in full corporate name by president
                                          or other authorized officer. If a
                                          partnership, please sign in
                                          partnership name by authorized
                                          persons.


(down arrow)                                                 (down arrow)





                                                                  
(down arrow) Please fold and detach card at perforation before mailing  (down arrow)



      Please fill in box(es) as shown using black or blue ink or number 2
                               pencil.  [X]


(down arrow)                                                  (down arrow)


          PLEASE DO NOT USE FINE POINT PENS.


THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER HEREIN DIRECTED
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR PROPOSALS 1 AND 2.


THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING:




                                                                                                
1. To approve or disapprove a new investment         FOR                 AGAINST                         ABSTAIN
advisory agreement between American General          [_]                   [_]                             [_]
Asset Management Corp. ("AGAM") and North
American Funds on behalf of the Fund, the terms
of which are the same in all material respects
as the previous investment advisory agreement
with AGAM.

2. To approve or disapprove the Agreement and
Plan of Reorganization as described in the           [_]                   [_]                             [_]
accompanying proxy statement and prospectus.

3. In their discretion, the named proxies may
vote to transact such other business as
properly may come before the meeting or any
adjournment thereof.



    RECEIPT OF THE NOTICE OF THE SPECIAL MEETING AND THE ACCOMPANYING PROXY
                     STATEMENT IS HEREBY ACKNOWLEDGED.


             (Continued and to be signed on the reverse side)


 (down arrow)_______________________________________________  (down arrow)




North American Funds


P.O. Box 9132


Hingham, MA 02043-9132


                           VOTE TODAY BY MAIL,


                     TOUCH-TONE PHONE OR THE INTERNET


                      CALL TOLL-FREE 1-888-221-0697


                      OR LOG ON TO WWW.PROXYWEB.COM


              ****  CONTROL NUMBER: 999 999 999 999 99  ****



                                                                 
(down arrow) Please fold and detach card at perforation before mailing (down arrow)



                                                                 P R O X Y
LARGE CAP GROWTH FUND


 This proxy is solicited on behalf of the Board of Trustees of North American
                                  Funds


   The undersigned hereby appoints John I. Fitzgerald, Thomas Brown, Nori L.
Gabert and Todd Spillane, or any of them, as proxies, each with the power to
appoint his or her substitute, and hereby authorizes each of them to represent
and to vote, as designated on the reverse side of this card, all of the shares
of the above-referenced Fund (the "Fund") of North American Funds held of
record by the undersigned on September 17, 2001, at a Special Meeting of
Shareholders of the Fund to be held at the principal executive offices of
North American Funds, 286 Congress Street, Boston, Massachusetts 02210 on
November 7, 2001 at 10 a.m. Eastern Time and at any adjournment thereof.


   By signing and dating this card, you authorize the proxies to vote each
proposal as marked, or if not marked, to vote "FOR" each proposal, and to use
their discretion to vote for any other matter as may properly come before the
meeting or any adjournment thereof. If you do not intend to personally attend
the meeting, please complete and return this card at once in the enclosed
envelope. Alternatively, you may vote your shares by following the phone or
Internet instructions above.


                                         (down arrow) Dated: ________


                                          SIGN, DATE AND RETURN THE PROXY CARD


                                          PROMPTLY USING THE ENCLOSED ENVELOPE


                                                Signature (or signatures if
                                             held jointly)


                                         Please sign exactly as name appears
                                         hereon. When shares are held by joint
                                         tenants, both should sign. When
                                         signing as attorney or as executor,
                                         administrator, trustee or guardian,
                                         or as a custodian for a minor, please
                                         give full title as such. If a
                                         corporation, please sign in full
                                         corporate name by president or other
                                         authorized officer. If a partnership,
                                         please sign in partnership name by
                                         authorized persons.


(down arrow)_______________________________________________  (down arrow)






                                                                 
(down arrow) Please fold and detach card at perforation before mailing (down arrow)



      Please fill in box(es) as shown using black or blue ink or number 2
                               pencil.  [X]


(down arrow)                                                  (down arrow)


          PLEASE DO NOT USE FINE POINT PENS.


THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER HEREIN DIRECTED
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR PROPOSALS 1 AND 2.


THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING:




                                                                                                
1. To approve or disapprove a new investment         FOR                 AGAINST                         ABSTAIN
advisory agreement between American General          [_]                   [_]                             [_]
Asset Management Corp. ("AGAM") and North
American Funds on behalf of the Fund, the terms
of which are the same in all material respects
as the previous investment advisory agreement
with AGAM.

2. To approve or disapprove the Agreement and        [_]                   [_]                             [_]
Plan of Reorganization as described in the
accompanying proxy statement and prospectus.

3. In their discretion, the named proxies may
vote to transact such other business as
properly may come before the meeting or any
adjournment thereof.



    RECEIPT OF THE NOTICE OF THE SPECIAL MEETING AND THE ACCOMPANYING PROXY
                     STATEMENT IS HEREBY ACKNOWLEDGED.


             (Continued and to be signed on the reverse side)


(down arrow)________________________________________________  (down arrow)






North American Funds


P.O. Box 9132


Hingham, MA 02043-9132


                           VOTE TODAY BY MAIL,


                     TOUCH-TONE PHONE OR THE INTERNET


                      CALL TOLL-FREE 1-888-221-0697


                      OR LOG ON TO WWW.PROXYWEB.COM


              ****  CONTROL NUMBER: 999 999 999 999 99  ****


      \/ Please fold and detach card at perforation before mailing \/


GROWTH & INCOME FUND                                             PROXY


 This proxy is solicited on behalf of the Board of Trustees of North American
                                  Funds


   The undersigned hereby appoints John I. Fitzgerald, Thomas Brown, Nori L.
Gabert and Todd Spillane, or any of them, as proxies, each with the power to
appoint his or her substitute, and hereby authorizes each of them to represent
and to vote, as designated on the reverse side of this card, all of the shares
of the above-referenced Fund (the "Fund") of North American Funds held of
record by the undersigned on September 17, 2001, at a Special Meeting of
Shareholders of the Fund to be held at the principal executive offices of
North American Funds, 286 Congress Street, Boston, Massachusetts 02210 on
November 7, 2001 at 10 a.m. Eastern Time and at any adjournment thereof.


   By signing and dating this card, you authorize the proxies to vote each
proposal as marked, or if not marked, to vote "FOR" each proposal, and to use
their discretion to vote for any other matter as may properly come before the
meeting or any adjournment thereof. If you do not intend to personally attend
the meeting, please complete and return this card at once in the enclosed
envelope. Alternatively, you may vote your shares by following the phone or
Internet instructions above.


                                          \/


                                                   Dated:


                                          SIGN, DATE AND RETURN THE PROXY CARD


                                          PROMPTLY USING THE ENCLOSED ENVELOPE


                                            Signature (or signatures if held
                                                      jointly)


                                          Please sign exactly as name appears
                                          hereon. When shares are held by
                                          joint tenants, both should sign.
                                          When signing as attorney or as
                                          executor, administrator, trustee or
                                          guardian, or as a custodian for a
                                          minor, please give full title as
                                          such. If a corporation, please sign
                                          in full corporate name by president
                                          or other authorized officer. If a
                                          partnership, please sign in
                                          partnership name by authorized
                                          persons.

              \/

                                                             \/





                                                                  
(down arrow) Please fold and detach card at perforation before mailing  (down arrow)



      Please fill in box(es) as shown using black or blue ink or number 2
                               pencil.  [X]


(down arrow)                                                  (down arrow)


          PLEASE DO NOT USE FINE POINT PENS.


THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER HEREIN DIRECTED
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR PROPOSALS 1 AND 2.


THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING:





                                                                                                
1. To approve or disapprove a new investment         FOR                 AGAINST                         ABSTAIN
advisory agreement between American General          [_]                   [_]                             [_]
Asset Management Corp. ("AGAM") and North
American Funds on behalf of the Fund, the
terms of which are the same in all material
respects as the previous investment advisory
agreement with AGAM.

2. To approve or disapprove the Agreement and        [_]                   [_]                             [_]
Plan of Reorganization as described in the
accompanying proxy statement and prospectus.

3. In their discretion, the named proxies may
vote to transact such other business as
properly may come before the meeting or any
adjournment thereof.



    RECEIPT OF THE NOTICE OF THE SPECIAL MEETING AND THE ACCOMPANYING PROXY
                     STATEMENT IS HEREBY ACKNOWLEDGED.


             (Continued and to be signed on the reverse side)


(down arrow)________________________________________________  (down arrow)






North American Funds


P.O. Box 9132


Hingham, MA 02043-9132


                           VOTE TODAY BY MAIL,


                     TOUCH-TONE PHONE OR THE INTERNET


                      CALL TOLL-FREE 1-888-221-0697


                      OR LOG ON TO WWW.PROXYWEB.COM


              ****  CONTROL NUMBER: 999 999 999 999 99  ****



                                                                 
(down arrow) Please fold and detach card at perforation before mailing (down arrow)



MID CAP GROWTH FUND                                                  PROXY


 This proxy is solicited on behalf of the Board of Trustees of North American
                                  Funds


   The undersigned hereby appoints John I. Fitzgerald, Thomas Brown, Nori L.
Gabert and Todd Spillane, or any of them, as proxies, each with the power to
appoint his or her substitute, and hereby authorizes each of them to represent
and to vote, as designated on the reverse side of this card, all of the shares
of the above-referenced Fund (the "Fund") of North American Funds held of
record by the undersigned on September 17, 2001, at a Special Meeting of
Shareholders of the Fund to be held at the principal executive offices of
North American Funds, 286 Congress Street, Boston, Massachusetts 02210 on
November 7, 2001 at 10 a.m. Eastern Time and at any adjournment thereof.


   By signing and dating this card, you authorize the proxies to vote each
proposal as marked, or if not marked, to vote "FOR" each proposal, and to use
their discretion to vote for any other matter as may properly come before the
meeting or any adjournment thereof. If you do not intend to personally attend
the meeting, please complete and return this card at once in the enclosed
envelope. Alternatively, you may vote your shares by following the phone or
Internet instructions above.


                                          (down arrow) Dated: _______


                                          SIGN, DATE AND RETURN THE PROXY CARD


                                          PROMPTLY USING THE ENCLOSED ENVELOPE


                                            Signature (or signatures if held
                                                      jointly)


                                          Please sign exactly as name appears
                                          hereon. When shares are held by
                                          joint tenants, both should sign.
                                          When signing as attorney or as
                                          executor, administrator, trustee or
                                          guardian, or as a custodian for a
                                          minor, please give full title as
                                          such. If a corporation, please sign
                                          in full corporate name by president
                                          or other authorized officer. If a
                                          partnership, please sign in
                                          partnership name by authorized
                                          persons.


(down arrow)                                                 (down arrow)





                                                                 
(down arrow) Please fold and detach card at perforation before mailing (down arrow)



      Please fill in box(es) as shown using black or blue ink or number 2
                               pencil.  [X]


(down arrow)                                                  (down arrow)


          PLEASE DO NOT USE FINE POINT PENS.


THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER HEREIN DIRECTED
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR PROPOSALS 1 AND 2.


THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING:




                                                                                                
1. To approve or disapprove a new investment         FOR                 AGAINST                         ABSTAIN
advisory agreement between American General          [_]                   [_]                             [_]
Asset Management Corp. ("AGAM") and North
American Funds on behalf of the Fund, the terms
of which are the same in all material respects
as the previous investment advisory agreement
with AGAM.

2. To approve or disapprove the Agreement and        [_]                   [_]                             [_]
Plan of Reorganization as described in the
accompanying proxy statement and prospectus.

3. In their discretion, the named proxies may
vote to transact such other business as
properly may come before the meeting or any
adjournment thereof.



    RECEIPT OF THE NOTICE OF THE SPECIAL MEETING AND THE ACCOMPANYING PROXY
                     STATEMENT IS HEREBY ACKNOWLEDGED.


             (Continued and to be signed on the reverse side)


(down arrow) _______________________________________________  (down arrow)






North American Funds


P.O. Box 9132


Hingham, MA 02043-9132


                           VOTE TODAY BY MAIL,


                     TOUCH-TONE PHONE OR THE INTERNET


                      CALL TOLL-FREE 1-888-221-0697


                      OR LOG ON TO WWW.PROXYWEB.COM


              ****  CONTROL NUMBER: 999 999 999 999 99  ****


      \/ Please fold and detach card at perforation before mailing \/


GLOBAL EQUITY FUND                                                    PROXY


 This proxy is solicited on behalf of the Board of Trustees of North American
                                  Funds


   The undersigned hereby appoints John I. Fitzgerald, Thomas Brown, Nori L.
Gabert and Todd Spillane, or any of them, as proxies, each with the power to
appoint his or her substitute, and hereby authorizes each of them to represent
and to vote, as designated on the reverse side of this card, all of the shares
of the above-referenced Fund (the "Fund") of North American Funds held of
record by the undersigned on September 17, 2001, at a Special Meeting of
Shareholders of the Fund to be held at the principal executive offices of
North American Funds, 286 Congress Street, Boston, Massachusetts 02210 on
November 7, 2001 at 10 a.m. Eastern Time and at any adjournment thereof.


   By signing and dating this card, you authorize the proxies to vote each
proposal as marked, or if not marked, to vote "FOR" each proposal, and to use
their discretion to vote for any other matter as may properly come before the
meeting or any adjournment thereof. If you do not intend to personally attend
the meeting, please complete and return this card at once in the enclosed
envelope. Alternatively, you may vote your shares by following the phone or
Internet instructions above.


                                          \/    Dated: _________________


                                          SIGN, DATE AND RETURN THE PROXY CARD


                                          PROMPTLY USING THE ENCLOSED ENVELOPE

                                          ------------------------------------


                                          ------------------------------------

                                            Signature (or Signatures, if held
                                                      jointly)


                                          Please sign exactly as name appears
                                          hereon. When shares are held by
                                          joint tenants, both should sign.
                                          When signing as attorney or as
                                          executor, administrator, trustee or
                                          guardian, or as custodian for a
                                          minor, please give full title as
                                          such. If a corporation, please sign
                                          in full corporate name by president
                                          or other authorized officer. If a
                                          partnership, please sign in
                                          partnership name by authorized
                                          persons.


\/                                                                        \/






      \/  Please fold and detach card at perforation before mailing  \/


\/    Please fill in box(es) as shown using black or blue                     \/
      ink or number 2 pencil.                                           [X]
      PLEASE DO NOT USE FINE POINT PENS.


THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER HEREIN DIRECTED
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR PROPOSALS 1 AND 2.


THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING:






1. To approve or disapprove a new investment              FOR                 AGAINST                 ABSTAIN
advisory agreement between American General
Asset Management Corp. ("AGAM") and North                                                       
American Funds on behalf of the Fund, the terms           [_]                   [_]                     [_]
of which are the same in all material respects
as the previous investment advisory agreement
with AGAM.

2. To approve or disapprove the NAF Acquired              [_]                   [_]                     [_]
Funds Agreement and Plan of Reorganization as
described in the accompanying proxy statement
and prospectus.

3. In their discretion, the named proxies may
vote to transact such other business as
properly may come before the meeting or any
adjournment thereof.



    RECEIPT OF THE NOTICE OF THE SPECIAL MEETING AND THE ACCOMPANYING PROXY
                     STATEMENT IS HEREBY ACKNOWLEDGED.


             (Continued and to be signed on the reverse side)


       \/                                                             \/






North American Funds


P.O. Box 9132


Hingham, MA 02043-9132


                           VOTE TODAY BY MAIL,


                     TOUCH-TONE PHONE OR THE INTERNET


                      CALL TOLL-FREE 1-888-221-0697


                      OR LOG ON TO WWW.PROXYWEB.COM


              ****  CONTROL NUMBER: 999 999 999 999 99  ****


      \/ Please fold and detach card at perforation before mailing \/


INTERNATIONAL EQUITY FUND PROXY


 This proxy is solicited on behalf of the Board of Trustees of North American
                                  Funds


   The undersigned hereby appoints John I. Fitzgerald, Thomas Brown, Nori L.
Gabert and Todd Spillane, or any of them, as proxies, each with the power to
appoint his or her substitute, and hereby authorizes each of them to represent
and to vote, as designated on the reverse side of this card, all of the shares
of the above-referenced Fund (the "Fund") of North American Funds held of
record by the undersigned on September 17, 2001, at a Special Meeting of
Shareholders of the Fund to be held at the principal executive offices of
North American Funds, 286 Congress Street, Boston, Massachusetts 02210 on
November 7, 2001 at 10 a.m. Eastern Time and at any adjournment thereof.


   By signing and dating this card, you authorize the proxies to vote each
proposal as marked, or if not marked, to vote "FOR" each proposal, and to use
their discretion to vote for any other matter as may properly come before the
meeting or any adjournment thereof. If you do not intend to personally attend
the meeting, please complete and return this card at once in the enclosed
envelope. Alternatively, you may vote your shares by following the phone or
Internet instructions above.




                                          \/      Dated: _________________


                                          SIGN, DATE AND RETURN THE PROXY CARD


                                          PROMPTLY USING THE ENCLOSED ENVELOPE


                                            Signature (or Signatures, if held
                                                      jointly)


                                          Please sign exactly as name appears
                                          hereon. When shares are held by
                                          joint tenants, both should sign.
                                          When signing as attorney or as
                                          executor, administrator, trustee or
                                          guardian, or as custodian for a
                                          minor, please give full title as
                                          such. If a corporation, please sign
                                          in full corporate name by president
                                          or other authorized officer. If a
                                          partnership, please sign in
                                          partnership name by authorized
                                          persons.

\/                                                                           \/






      \/  Please fold and detach card at perforation before mailing  \/


\/    Please fill in box(es) as shown using black or blue                   \/
      ink or number 2 pencil.                                  [X]
      PLEASE DO NOT USE FINE POINT PENS.


THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER HEREIN DIRECTED
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR PROPOSALS 1 AND 2.


THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING:





1. To approve or disapprove a new investment              FOR                 AGAINST                 ABSTAIN
advisory agreement between American General
Asset Management Corp. ("AGAM") and North                                                       
American Funds on behalf of the Fund, the terms           [_]                   [_]                     [_]
of which are the same in all material respects
as the previous investment advisory agreement
with AGAM.

2. To approve or disapprove the NAF Acquired              [_]                   [_]                     [_]
Funds Agreement and Plan of Reorganization as
described in the accompanying proxy statement
and prospectus.

3. In their discretion, the named proxies may
vote to transact such other business as
properly may come before the meeting or any
adjournment thereof.



    RECEIPT OF THE NOTICE OF THE SPECIAL MEETING AND THE ACCOMPANYING PROXY
                     STATEMENT IS HEREBY ACKNOWLEDGED.


             (Continued and to be signed on the reverse side)


   \/                                                                    \/






North American Funds


P.O. Box 9132


Hingham, MA 02043-9132


                           VOTE TODAY BY MAIL,


                     TOUCH-TONE PHONE OR THE INTERNET


                      CALL TOLL-FREE 1-888-221-0697


                      OR LOG ON TO WWW.PROXYWEB.COM


              ****  CONTROL NUMBER: 999 999 999 999 99  ****


      \/ Please fold and detach card at perforation before mailing \/


INTERNATIONAL SMALL CAP FUND                                         PROXY


 This proxy is solicited on behalf of the Board of Trustees of North American
                                  Funds


   The undersigned hereby appoints John I. Fitzgerald, Thomas Brown, Nori L.
Gabert and Todd Spillane, or any of them, as proxies, each with the power to
appoint his or her substitute, and hereby authorizes each of them to represent
and to vote, as designated on the reverse side of this card, all of the shares
of the above-referenced Fund (the "Fund") of North American Funds held of
record by the undersigned on September 17, 2001, at a Special Meeting of
Shareholders of the Fund to be held at the principal executive offices of
North American Funds, 286 Congress Street, Boston, Massachusetts 02210 on
November 7, 2001 at 10 a.m. Eastern Time and at any adjournment thereof.


   By signing and dating this card, you authorize the proxies to vote each
proposal as marked, or if not marked, to vote "FOR" each proposal, and to use
their discretion to vote for any other matter as may properly come before the
meeting or any adjournment thereof. If you do not intend to personally attend
the meeting, please complete and return this card at once in the enclosed
envelope. Alternatively, you may vote your shares by following the phone or
Internet instructions above.


                                                \/


                                                  Dated: _________________


                                          SIGN, DATE AND RETURN THE PROXY CARD


                                          PROMPTLY USING THE ENCLOSED ENVELOPE


                                            Signature (or Signatures, if held
                                                      jointly)


                                          Please sign exactly as name appears
                                          hereon. When shares are held by
                                          joint tenants, both should sign.
                                          When signing as attorney or as
                                          executor, administrator, trustee or
                                          guardian, or as custodian for a
                                          minor, please give full title as
                                          such. If a corporation, please sign
                                          in full corporate name by president
                                          or other authorized officer. If a
                                          partnership, please sign in
                                          partnership name by authorized
                                          persons.


    \/                                                     \/







      \/  Please fold and detach card at perforation before mailing  \/


\/    Please fill in box(es) as shown using black or blue                    \/
      ink or number 2 pencil.                                        [X]
      PLEASE DO NOT USE FINE POINT PENS.


THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER HEREIN DIRECTED
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR PROPOSALS 1 AND 2.


THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING:





1. To approve or disapprove a new investment              FOR                 AGAINST                  ABSTAIN
advisory agreement between American General
Asset Management Corp. ("AGAM") and North                                                        
American Funds on behalf of the Fund, the terms           [_]                   [_]                      [_]
of which are the same in all material respects
as the previous investment advisory agreement
with AGAM.

2. To approve or disapprove the NAF Acquired              [_]                   [_]                      [_]
Funds Agreement and Plan of Reorganization as
described in the accompanying proxy statement
and prospectus.

3. In their discretion, the named proxies may
vote to transact such other business as
properly may come before the meeting or any
adjournment thereof.



    RECEIPT OF THE NOTICE OF THE SPECIAL MEETING AND THE ACCOMPANYING PROXY
                     STATEMENT IS HEREBY ACKNOWLEDGED.


             (Continued and to be signed on the reverse side)


\/                                                                        \/








The SunAmerica Center


733 Third Avenue


New York, New York 10017


                           VOTE TODAY BY MAIL,


                     TOUCH-TONE PHONE OR THE INTERNET


                      CALL TOLL-FREE 1-800-690-6903


                      OR LOG ON TO WWW.PROXYVOTE.COM


              ****  CONTROL NUMBER: 999 999 999 999 99  ****


      \/ Please fold and detach card at perforation before mailing \/


INTERNATIONAL EQUITY PORTFOLIO PROXY


   This proxy is solicited on behalf of the Board of Directors of SunAmerica
                        Style Select Series, Inc.


   The undersigned hereby appoints Peter A. Harbeck, Peter C. Sutton and
Robert M. Zakem, or any of them, as proxies, each with the power to appoint
his or her substitute, and hereby authorizes each of them to represent and to
vote, as designated on the reverse side of this card, all of the shares of the
above-referenced Fund (the "Fund") of SunAmerica Style Select Series, Inc.
held of record by the undersigned on September 17, 2001, at a Special Meeting
of Shareholders of the Fund to be held at the principal executive offices of
SunAmerica Style Select Series, Inc., The SunAmerica Center, 733 Third Avenue,
New York, New York 10017 on November 7, 2001 at 10 a.m. Eastern Time and at
any adjournment thereof.


   By signing and dating this card, you authorize the proxies to vote each
proposal as marked, or if not marked, to vote "FOR" each proposal, and to use
their discretion to vote for any other matter as may properly come before the
meeting or any adjournment thereof. If you do not intend to personally attend
the meeting, please complete and return this card at once in the enclosed
envelope. Alternatively, you may vote your shares by following the phone or
Internet instructions above.




                                          \/       Dated: _________________


                                          SIGN, DATE AND RETURN THE PROXY CARD


                                          PROMPTLY USING THE ENCLOSED ENVELOPE


                                            Signature (or Signatures, if held
                                                      jointly)


                                          Please sign exactly as name appears
                                          hereon. When shares are held by
                                          joint tenants, both should sign.
                                          When signing as attorney or as
                                          executor, administrator, trustee or
                                          guardian, or as custodian for a
                                          minor, please give full title as
                                          such. If a corporation, please sign
                                          in full corporate name by president
                                          or other authorized officer. If a
                                          partnership, please sign in
                                          partnership name by authorized
                                          persons.

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      \/  Please fold and detach card at perforation before mailing  \/


   \/  Please fill in box(es) as shown using black or blue ink or number 2
                               pencil.  [X]
          PLEASE DO NOT USE FINE POINT PENS. \/


THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER HEREIN DIRECTED
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR PROPOSALS 1 AND 2.


THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR THE FOLLOWING:








                                                                                          
1. To approve or disapprove the SunAmerica                  FOR                AGAINST             ABSTAIN
Acquired Fund Agreement and Plan of
Reorganization as described in the accompanying             [_]                  [_]                 [_]
proxy statement and prospectus.

2. In their discretion, the named proxies may
vote to transact such other business as
properly may come before the meeting or any
adjournment thereof.



    RECEIPT OF THE NOTICE OF THE SPECIAL MEETING AND THE ACCOMPANYING PROXY
                     STATEMENT IS HEREBY ACKNOWLEDGED.


             (Continued and to be signed on the reverse side)



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