On March 11, 2001, American General Corporation ("American General"), the parent of North American Funds Variable Product Series I, entered into an Agreement and Plan of Merger with Prudential plc, an international retail financial services organization

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, E1CiJlHJsb60oGHJbHnEHFpfg4VFLedaN3IydarWOs4/LRtrdwI7t1tBGBjKFilf gTi+IT2umDALdJUvwnQ+vw== 0000848103-01-500015.txt : 20010517 0000848103-01-500015.hdr.sgml : 20010517 ACCESSION NUMBER: 0000848103-01-500015 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTH AMERICAN FUNDS CENTRAL INDEX KEY: 0000848103 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 033-27958 FILM NUMBER: 1641847 BUSINESS ADDRESS: STREET 1: NORTH AMERICAN FUNDS STREET 2: 286 CONGRESS ST CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6172104520 MAIL ADDRESS: STREET 1: NORTH AMERICAN FUNDS STREET 2: 286 CONGRESS ST CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: NORTH AMERICAN SECURITY TRUST DATE OF NAME CHANGE: 19920703 497 1 aigsupp.htm SUPPLEMENT On March 11, 2001, American General Corporation ("American General"), the parent of North American Funds Variable Product Series I, entered into an Agreement and Plan of Merger with Prudential plc, an international retail financial services organization NORTH AMERICAN FUNDS

SUPPLEMENT DATED MAY 16, 2001

TO PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION

This supplement supercedes any previous supplements.

On May 11, 2001, American General Corporation, the parent of American General Asset Management Corp., and American General Funds Distributors, Inc., respectively the investment adviser and underwriter to North American Funds, announced that it had terminated its previously announced merger agreement with London-based Prudential plc, and concurrently agreed to be acquired by American International Group, Inc. American International Group, Inc. is one of the world's leading insurance and financial services organizations, and is the largest underwriter of commercial and industrial insurance in the United States. It is currently anticipated that the transaction, which is subject to approval by American General Corporation shareholders, regulatory approvals and other customary conditions, will close by the end of 2001.

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