This Separate Account Fund invests in the Fidelity VIP Equity-Income Portfolio, which seeks reasonable income. Such Underlying Portfolio will also consider the potential for capital appreciation. The Portfolio’s goal is to achieve a yield which exceeds the composite yield on securities comprising the Standard & Poor’s 500® (S&P 500). The Portfolio normally invests at least 80% of its assets in equity securities, and normally invests its assets primarily in income-producing equity securities. The Portfolio may also invest in other types of equity securities and debt securities, including lower-quality debt securities. The Portfolio may invest in securities of domestic and foreign issuers.

Mutual of America and Fidelity Investments are not affiliated. Fidelity Investments & Pyramid Design is a registered service mark of FMR Corp.

For more detailed information on the investment strategies for this fund, select the Statutory Prospectus document from the link below and follow these instructions:

Upon opening the Statutory Prospectus document, a navigation bar at the top will appear; in the Page Number box next to the right-facing arrow, enter page number ‘6’ and press ‘Enter’ on your keyboard. View Statutory Prospectus.

For more detailed information on the investment risks for this fund, select the Statutory Prospectus document from the link below and follow these instructions:

Upon opening the Statutory Prospectus document, a navigation bar at the top will appear; in the Page Number box next to the right-facing arrow, enter page number ‘6’ and press ‘Enter’ on your keyboard. View Statutory Prospectus.

The performance data shown above represent past performance, which is not a guarantee of future results. Investment returns and unit values will fluctuate so that units, when redeemed, may be worth more or less than their original cost. Investment Fund total return performance currently may be lower or higher than the figures stated above.

The total return performance data are based on a hypothetical investment of $1,000, which is redeemed at the end of the periods shown. The total return figures reflect the reinvestment of investment income and capital gains and losses, and are net of expenses which include a contract fee, an expense risk fee, administrative charges, a distribution expense charge and Underlying Funds fees and expenses. Before investing in our variable accumulation annuity contracts, you should consider the investment objectives, risks, charges and expenses (a contract fee, Separate Account expenses and Underlying Funds expenses) carefully. This and other information is contained in the contract prospectus or brochure and Underlying Funds prosectuses. Please read the prospectuses and brochure carefully before investing. The prospectuses and brochure can be obtained by mail or by calling 1-800-468-3785.

The total return figures for periods extending beyond a year are average rates of return and do not reflect the Funds' actual year-to-year results, which varied over the periods shown. Contributions or withdrawals made within a period would experience different rates of return based on the unit values on the dates of such transactions.

Portfolio Turnover Rate(%): 29%*

*Excludes all short-term securities.

James Morrow (lead portfolio manager) has managed the fund since April 2011.

Adam Kramer (co-manager) has managed the fund since April 2011.