Money Market 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 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 Money Market 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 or 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 1a, 1b 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) THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING: --- 1. (a) 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 to the previous investment advisory agreement with AGAM. (b) To approve or disapprove a new subadvisory agreement between AGAM FOR [ ] AGAINST [ ] ABSTAIN [ ] and American General Investment Management, 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. 2. To approve the Agreement and Plan of Reorganization between the FOR [ ] AGAINST [ ] ABSTAIN [ ] North American Funds on behalf of the Fund and SunAmerica Money Market Funds, Inc. on behalf of its SunAmerica Money Market 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 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 PROXY Dated:_________________________________ STATEMENT IS HEREBY ACKNOWLEDGED. 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 Municipal Money Market 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 side of this card, all of the shares of the Municipal Money Market 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 1a, 1b 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 in 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) THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING: --- 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 FOR [ ] AGAINST [ ] ABSTAIN [ ] AGAM and American General Investment Management, L.P. ("AGIM") or an affiliate thereof, the terms of which are the same in all material respects as the previous subadvisory agreement between AGAM and AGIM. 2. To approve the Agreement and Plan of Reorganization between FOR [ ] AGAINST [ ] ABSTAIN [ ] North American Funds on behalf of the Fund and SunAmerica Money Market Funds, Inc. on behalf of its SunAmerica Municipal Money Market 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 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 PROXY Dated:_________________________________ STATEMENT IS HEREBY ACKNOWLEDGED. X______________________________________ PLEASE MARK BOXES /X/ OR [X] IN BLUE OR BLACK INK. SIGN, DATE AND Signature RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED ENVELOPE. X______________________________________ Signature, if held jointly