This Separate Account Fund invests in the Small Cap Growth Fund of Mutual of America Investment Corporation, which seeks capital appreciation. Such Underlying Fund seeks to meet its objective by investing in growth stocks of small-cap companies that are believed to possess above-average growth potential. Under normal market conditions, at least 80% of the Fund’s total assets are invested in small-cap growth stocks.

The Fund invests primarily in growth stocks issued by companies with small sized market capitalizations that the Adviser believes to possess above-average growth potential. Companies with small-sized market capitalizations are those companies with capital of less than $2.0 billion.

An investment in the Fund is subject to the following risks which are described in more detail in the 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(%): 51%*

*Excludes all short-term securities.

Marguerite Wagner, Executive Vice President of the Adviser, manages the Small Cap Growth Fund. She was employed by Citigroup in various portfolio management roles from 1985 until she joined the Adviser. She joined the Adviser in 2005 from her position as Managing Director, Citigroup Asset Management. Ms. Wagner has approximately 27 years of experience selecting securities and managing portfolios.