497 1 v4sstexpensesupp.txt SUPPLEMENT DATED JULY 28, 2023 TO THE PROSPECTUS AND SUMMARY PROSPECTUS EACH DATED MAY 1, 2023 ------------------------------------------------------------------------------- AMERICAN GENERAL LIFE INSURANCE COMPANY VARIABLE ANNUITY ACCOUNT FIVE Seasons Select II Variable Annuity ------------------------------------------------------------------------------- This Supplement updates certain information in the Appendix A - Underlying Funds Available Under the Contract in the most recent prospectus and updating summary prospectus (collectively, the "Prospectus"). Effective on or about July 28, 2023, the Current Expenses for below Underlying Funds have been updated as follows. --------------------------------- ---------------------------------- Underlying Fund Name Share Class New Current Expense --------------------------------- ------------ ------------- SA Allocation Balanced Portfolio Class 3 1.01%* --------------------------------- ------------ ------------- SA Allocation Growth Portfolio Class 3 1.05%* --------------------------------- ------------ ------------- SA Allocation Moderate Growth Portfolio Class 3 1.03%* --------------------------------- ------------ ------------- SA Allocation Moderate Portfolio Class 3 1.02%* --------------------------------- ------------ ------------- SA American Century Inflation Protection Portfolio Class 3 0.91% ---------------------------------- ------------ ------------- SA Columbia Focused Value Portfolio Class 2 0.87%* ---------------------------------- ------------- ------------- SA Columbia Focused Value Portfolio Class 3 0.97%* ---------------------------------- ------------- ------------- SA Multi-Managed Diversified Fixed Income Portfolio Class 2 0.85% ---------------------------------- ------------- ------------- SA Multi-Managed Diversified Fixed Income Portfolio Class 3 0.95% ---------------------------------- ------------- ------------- SA Multi-Managed Growth Portfolio Class 2 1.22%* ---------------------------------- ------------- ------------- SA Multi-Managed Growth Portfolio Class 3 1.32%* ---------------------------------- -------------- ------------- SA Multi-Managed Income Portfolio Class 2 1.33%* ---------------------------------- -------------- ------------- SA Multi-Managed Income Portfolio Class 3 1.43%* ---------------------------------- -------------- ------------- SA Multi-Managed Income/Equity Portfolio Class 2 1.28%* ---------------------------------- -------------- ------------- SA Multi-Managed Income/Equity Portfolio Class 3 1.38%* ---------------------------------- -------------- ------------- SA Multi-Managed International Equity Portfolio Class 2 1.18%* ---------------------------------- -------------- ------------- SA Multi-Managed International Equity Portfolio Class 3 1.28%* ---------------------------------- -------------- ------------- SA Multi-Managed Large Cap Growth Portfolio Class 2 0.92%* ---------------------------------- -------------- ------------- SA Multi-Managed Large Cap Growth Portfolio Class 3 1.02%* ---------------------------------- -------------- ------------- SA Multi-Managed Large Cap Value Portfolio Class 2 0.95% ---------------------------------- -------------- ------------- SA Multi-Managed Large Cap Value Portfolio Class 3 1.05% ---------------------------------- -------------- ------------- SA Multi-Managed Mid Cap Growth Portfolio Class 2 1.12% ---------------------------------- -------------- ------------- SA Multi-Managed Mid Cap Growth Portfolio Class 3 1.22% ---------------------------------- -------------- ------------- SA Multi-Managed Mid Cap Value Portfolio Class 2 1.12% ---------------------------------- -------------- ------------- SA Multi-Managed Mid Cap Value Portfolio Class 3 1.22% ---------------------------------- -------------- ------------- SA Multi-Managed Moderate Growth Portfolio Class 2 1.19%* ---------------------------------- -------------- ------------- SA Multi-Managed Moderate Growth Portfolio Class 3 1.29%* ---------------------------------- -------------- ------------- SA Multi-Managed Small Cap Portfolio Class 2 1.11% ---------------------------------- -------------- ------------- SA Multi-Managed Small Cap Portfolio Class 3 1.21% ---------------------------------- -------------- ------------- SA Putnam Asset Allocation Diversified Growth Portfolio Class 2 1.05%* ---------------------------------- -------------- ------------- SA Putnam Asset Allocation Diversified Growth Portfolio Class 3 1.15%* ---------------------------------- -------------- ------------- SA T. Rowe Price Growth Stock Portfolio Class 2 1.06% ---------------------------------- -------------- ------------- SA T. Rowe Price Growth Stock Portfolio Class 3 1.16% ---------------------------------- -------------- ------------- * This Underlying Fund is subject to an expense reimbursement or fee waiver arrangement resulting in a temporary expense reduction. For additional information, see the Underlying Fund prospectus available online at www.corebridgefinancial.com/ProductProspectuses or by calling (855) 421-2692. Please keep this supplement with your Prospectus.