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. \/ \/ \/ 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) \/ \/