Filed under Rule 497(k)    

Registration No. 811-3738

VALIC COMPANY I

Dividend Value Fund

(the “Fund”)

Supplement to the Prospectus dated October 1, 2012, as supplemented to date

Effective October 18, 2013, a team consisting of Timothy Pettee, Andrew Sheridan and Timothy Campion will serve as portfolio managers of the Fund, replacing Brendan Voege. Accordingly, in the Fund Summary , under Investment Adviser , the portfolio management disclosure pertaining to Mr. Voege is hereby deleted in its entirety and replaced with the following:

 

Name

 

Portfolio Manager of

the Fund Since

 

Title

Timothy Pettee

  2013   Lead Portfolio Manager and Chief Investment Officer

Andrew Sheridan

  2013   Co-Portfolio Manager and Vice President

Timothy Campion

  2013   Co-Portfolio Manager and Vice President

Please retain this supplement for future reference.

Date: October 7, 2013

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