Core Bond Fund
of North American Funds
286 Congress Street
Boston, MA 02210

P R O X Y

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, Alice T. Kane and Todd Spillane as proxies, each with the power to
appoint his substitute, and hereby authorizes each of them to represent and to
vote, as designated on the reverse hereof, all of the shares of the Core Bond
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
on November 7, 2001 at 10 a.m. Eastern Time and at any adjournment thereof.

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(a), 1(b) AND 2.

By signing and dating the reverse side of 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
calling a specially designated telephone number (toll free 1-888-850-2811) or
via the Internet at http://proxy. ____________ .com.

(Continued and to be signed on the reverse side)

1. (a) To approve or disapprove a new investment advisory FOR [ ] AGAINST [ ] ABSTAIN [ ]
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 the Agreement and Plan of Reorganization between
North American Funds on behalf of the Fund and SunAmerica Income FOR [ ] AGAINST [ ] ABSTAIN [ ]
Funds on behalf of its Core Bond Fund.

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. 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
RECEIPT OF THE NOTICE OF THE SPECIAL MEETING AND THE ACCOMPANYING corporation, please sign in full corporate name by
PROXY STATEMENT IS HEREBY ACKNOWLEDGED. president or other authorized officer. If a
partnership, please sign in partnership name by
authorized persons.
Dated:_________________________________
PLEASE MARK BOXES /X/ OR [X] IN BLUE OR BLACK INK. SIGN, DATE AND X______________________________________
RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED ENVELOPE. Signature
X______________________________________
Signature, if held jointly

High Yield Bond Fund
of North American Funds
286 Congress Street
Boston, MA 02210

P R O X Y

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, Alice T. Kane and Todd Spillane as proxies, each with the power to
appoint his substitute, and hereby authorizes each of them to represent and to
vote, as designated on the reverse hereof, all of the shares of the High Yield
Bond 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 on November 7, 2001 at 10 a.m. Eastern Time and at any adjournment thereof.

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(a), (b) AND 2.

(Continued and to be signed on the reverse side)

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

(b) To approve or disapprove a new Subadvisory agreement
between AGAM and American General Investment Management, FOR [ ] AGAINST [ ] ABSTAIN [ ]
L.P. ("AGIM") or an affiliate thereof, the terms of which
are the same in all material respects to the previous
Subadvisory agreement between AGAM and AGIM.
FOR [ ] AGAINST [ ] ABSTAIN [ ]
2. To approve the Agreement and Plan of Reorganization between
North American Funds on behalf of the Fund and SunAmerica Income
Funds on behalf of its High Yield Bond Fund. PLEASE SIGN EXACTLY AS NAME APPEARS HEREON. When
shares are held by joint tenants, both should sign.
3. In their discretion, the named proxies may vote to transact When signing as attorney or as executor,
such other business as properly may come before the meeting or administrator, trustee or guardian, or as custodian
any adjournment thereof. 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.
RECEIPT OF THE NOTICE OF THE SPECIAL MEETING AND THE ACCOMPANYING Dated:_________________________________
PROXY STATEMENT IS HEREBY ACKNOWLEDGED. X______________________________________
Signature
X______________________________________
Signature, if held jointly
PLEASE MARK BOXES /X/ OR [X] IN BLUE OR BLACK INK. SIGN, DATE AND
RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED ENVELOPE.

Municipal Bond Fund
of North American Funds
286 Congress Street
Boston, MA 02210

P R O X Y

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, Alice T. Kane and Todd Spillane as proxies, each with the power to
appoint his substitute, and hereby authorizes each of them to represent and to
vote, as designated on the reverse hereof, all of the shares of the Municipal
Bond 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 on November 7, 2001 at 10 a.m. Eastern Time and at any adjournment thereof.

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(a), (b) AND 2.

(Continued and to be signed on the reverse side)

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

2. To approve the Agreement and Plan of Reorganization between FOR [ ] AGAINST [ ] ABSTAIN [ ]
North American Funds on behalf of the Fund and SunAmerica Income
Funds on behalf of its Municipal Bond Fund.

3. In their discretion, the named proxies may vote to transact PLEASE SIGN EXACTLY AS NAME APPEARS HEREON. When
such other business as properly may come before the meeting or shares are held by joint tenants, both should sign.
any adjournment thereof. 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
RECEIPT OF THE NOTICE OF THE SPECIAL MEETING AND THE ACCOMPANYING partnership, please sign in partnership name by
PROXY STATEMENT IS HEREBY ACKNOWLEDGED. authorized persons.
Dated:_________________________________
X______________________________________
Signature
PLEASE MARK BOXES /X/ OR [X] IN BLUE OR BLACK INK. SIGN, DATE AND X______________________________________
RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED ENVELOPE. Signature, if held jointly

Strategic Income Fund
of North American Funds
286 Congress Street
Boston, MA 02210

P R O X Y

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, Alice T. Kane and Todd Spillane as proxies, each with the power to
appoint his substitute, and hereby authorizes each of them to represent and to
vote, as designated on the reverse hereof, all of the shares of the Strategic
Income 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 on November 7, 2001 at 10 a.m. Eastern Time and at any
adjournment thereof.

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 (a), (b), AND 2.

(Continued and to be signed on the reverse side)

1. (a)To approve or disapprove a new investment advisory FOR [ ] AGAINST [ ] ABSTAIN [ ]
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.

(b) To approve or disapprove a new Subadvisory agreement
between AGAM and American General Investment Management, FOR [ ] AGAINST [ ] ABSTAIN [ ]
L.P. ("AGIM") or an affiliate thereof, the terms of which
are the same in all material respects to the previous
Subadvisory agreement between AGAM and AGIM.
FOR [ ] AGAINST [ ] ABSTAIN [ ]
2. To approve the Agreement and Plan of Reorganization between
North American Funds on behalf of the Fund and SunAmerica Income PLEASE SIGN EXACTLY AS NAME APPEARS HEREON. When
Funds on behalf of its Strategic Income Fund. shares are held by joint tenants, both should sign.
When signing as attorney or as executor,
3. In their discretion, the named proxies may vote to transact administrator, trustee or guardian, or as custodian
such other business as properly may come before the meeting or for a minor, please give full title as such. If a
any adjournment thereof. corporation, please sign in full corporate name by
president or other authorized officer. If a
partnership, please sign in partnership name by
RECEIPT OF THE NOTICE OF THE SPECIAL MEETING AND THE ACCOMPANYING authorized persons.
PROXY STATEMENT IS HEREBY ACKNOWLEDGED. Dated:_________________________________
X______________________________________
Signature
X______________________________________
Signature, if held jointly
PLEASE MARK BOXES /X/ OR [X] IN BLUE OR BLACK INK. SIGN, DATE AND
RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED ENVELOPE.

U.S. Government Securities Fund
of North American Funds
286 Congress Street
Boston, MA 02210

P R O X Y

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, Alice T. Kane and Todd Spillane as proxies, each with the power to
appoint his substitute, and hereby authorizes each of them to represent and to
vote, as designated on the reverse hereof, all of the shares of the U.S.
Government Securities 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 on November 7, 2001 at 10 a.m. Eastern Time and at any
adjournment thereof.

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.

(Continued and to be signed on the reverse side)

1. To approve or disapprove a new investment advisory agreement FOR [ ] AGAINST [ ] ABSTAIN [ ]
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 the Agreement and Plan of Reorganization between FOR [ ] AGAINST [ ] ABSTAIN [ ]
North American Funds on behalf of the Fund and SunAmerica Income
Funds on behalf of its U.S. Government Securities Fund. PLEASE SIGN EXACTLY AS NAME APPEARS HEREON. When
shares are held by joint tenants, both should sign.
3. In their discretion, the named proxies may vote to transact When signing as attorney or as executor,
such other business as properly may come before the meeting or administrator, trustee or guardian, or as custodian
any adjournment thereof. 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
RECEIPT OF THE NOTICE OF THE SPECIAL MEETING AND THE ACCOMPANYING partnership, please sign in partnership name by
PROXY STATEMENT IS HEREBY ACKNOWLEDGED. authorized persons.
Dated:_________________________________
X______________________________________
Signature
X______________________________________
PLEASE MARK BOXES /X/ OR [X] IN BLUE OR BLACK INK. SIGN, DATE AND Signature, if held jointly
RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED ENVELOPE.