GREAT-WEST FUNDS, INC.

ARTICLES SUPPLEMENTARY

Great-West Funds, Inc., a Maryland corporation registered as an open-end investment company under the Investment Company Act of 1940, as amended (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of Maryland that:

FIRST:   The Board of Directors of the Corporation, pursuant to the authority contained in the Corporation’s charter, and in accordance with Section 2-105(c) of the Maryland General Corporation Law, unanimously adopted resolutions approving:

The re-classification of the following shares of previously classified but unissued shares of Common Stock of the Corporation as follows:

Previously Classified Shares (expressed in millions)	Re-Classified Shares (expressed in millions)
Great-West Ariel Mid Cap Value Fund Initial Class – 100	Great-West Ariel Mid Cap Value Fund Initial Class – 200

SECOND: The total number of shares of capital stock that the Corporation has authority to issue has been increased or decreased by the Board of Directors in accordance with Section 2-105(c) of the Maryland General Corporation Law to the extent hereafter set forth.

THIRD: Immediately prior to the effectiveness of these Articles Supplementary of the Corporation, the Corporation had the authority to issue eleven billion (11,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of eleven million dollars ($11,000,000), of which the Board of Directors had designated 9,885,500,000 shares into portfolios and classes and classified the shares of each portfolio and class as follows:

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Money Market	Initial Class	1,000
Great-West Money Market	Institutional Class	5
Great-West Stock Index	Initial Class	70
Great-West Stock Index	Class L	5
Great-West Stock Index	Institutional Class	5
Great-West Bond Index	Initial Class	85
Great-West Bond Index	Class L	5
Great-West Bond Index	Institutional Class	150
Great-West U.S. Government Mortgage Securities	Initial Class	75
Great-West U.S. Government Mortgage Securities	Class L	5
Great-West U.S. Government Mortgage Securities	Institutional Class	150
Great-West S&P Small Cap 600® Index	Initial Class	90
Great-West S&P Small Cap 600® Index	Class L	5
Great-West S&P Small Cap 600® Index	Institutional Class	150
Great-West Putnam High Yield Bond	Initial Class	20
Great-West Putnam High Yield Bond	Class L	5
Great-West Putnam High Yield Bond	Institutional Class	150
Great-West Multi-Manager Large Cap Growth	Initial Class	20
Great-West Multi-Manager Large Cap Growth	Class L	5
Great-West Multi-Manager Large Cap Growth	Institutional Class	150
Great-West MFS International Growth	Initial Class	20

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West MFS International Growth	Class L	5
Great-West MFS International Growth	Institutional Class	150
Great-West Federated Bond	Initial Class	20
Great-West Federated Bond	Class L	5
Great-West Federated Bond	Institutional Class	150
Great-West MFS International Value	Initial Class	65
Great-West MFS International Value	Class L	5
Great-West MFS International Value	Institutional Class	150
Great-West S&P 500® Index	Initial Class	140
Great-West S&P 500® Index	Class L	5
Great-West S&P 500® Index	Institutional Class	150
Great-West Goldman Sachs Mid Cap Value	Initial Class	45
Great-West Goldman Sachs Mid Cap Value	Class L	5
Great-West Goldman Sachs Mid Cap Value	Institutional Class	150
Great-West Invesco Small Cap Value	Initial Class	20
Great-West Invesco Small Cap Value	Class L	5
Great-West Invesco Small Cap Value	Institutional Class	150
Great-West Ariel Mid Cap Value	Initial Class	100
Great-West Ariel Mid Cap Value	Class L	5
Great-West Ariel Mid Cap Value	Institutional Class	150
Great-West Loomis Sayles Small Cap Value	Initial Class	50
Great-West Loomis Sayles Small Cap Value	Class L	5
Great-West Loomis Sayles Small Cap Value	Institutional Class	150
Great-West Loomis Sayles Bond	Initial Class	80
Great-West Loomis Sayles Bond	Class L	5
Great-West Loomis Sayles Bond	Institutional Class	150
Great-West T. Rowe Price Equity Income	Initial Class	100
Great-West T. Rowe Price Equity Income	Class L	5
Great-West T. Rowe Price Equity Income	Institutional Class	150
Great-West Small Cap Growth	Initial Class	30
Great-West Small Cap Growth	Class L	5
Great-West Small Cap Growth	Institutional Class	150
Great-West Short Duration Bond	Initial Class	75
Great-West Short Duration Bond	Class L	5
Great-West Short Duration Bond	Institutional Class	150
Great-West T. Rowe Price Mid Cap Growth	Initial Class	100
Great-West T. Rowe Price Mid Cap Growth	Class L	5
Great-West T. Rowe Price Mid Cap Growth	Institutional Class	150
Great-West Templeton Global Bond	Initial Class	70
Great-West Templeton Global Bond	Class L	5
Great-West Templeton Global Bond	Institutional Class	150
Great-West S&P Mid Cap 400® Index	Initial Class	27.5
Great-West S&P Mid Cap 400® Index	Class L	5
Great-West S&P Mid Cap 400® Index	Institutional Class	150
Great-West International Index	Initial Class	30
Great-West International Index	Class L	5
Great-West International Index	Institutional Class	150
Great-West Putnam Equity Income	Initial Class	35
Great-West Putnam Equity Income	Class L	5

2

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Putnam Equity Income	Institutional Class	150
Great-West American Century Growth	Initial Class	55
Great-West American Century Growth	Class L	5
Great-West American Century Growth	Institutional Class	150
Great-West Real Estate Index	Initial Class	10
Great-West Real Estate Index	Class L	5
Great-West Real Estate Index	Institutional Class	150
Great-West Multi-Manager Small Cap Growth	Initial Class	30
Great-West Multi-Manager Small Cap Growth	Class L	5
Great-West Multi-Manager Small Cap Growth	Institutional Class	150
Great-West Conservative Profile I	Initial Class	100
Great-West Conservative Profile I	Class L	5
Great-West Conservative Profile I	Institutional Class	5
Great-West Moderately Conservative Profile I	Initial Class	100
Great-West Moderately Conservative Profile I	Class L	5
Great-West Moderately Conservative Profile I	Institutional Class	5
Great-West Moderate Profile I	Initial Class	100
Great-West Moderate Profile I	Class L	5
Great-West Moderate Profile I	Institutional Class	5
Great-West Moderately Aggressive Profile I	Initial Class	100
Great-West Moderately Aggressive Profile I	Class L	5
Great-West Moderately Aggressive Profile I	Institutional Class	5
Great-West Aggressive Profile I	Initial Class	100
Great-West Aggressive Profile I	Class L	5
Great-West Aggressive Profile I	Institutional Class	5
Great-West Conservative Profile II	Initial Class	100
Great-West Conservative Profile II	Class L	35
Great-West Conservative Profile II	Institutional Class	5
Great-West Moderately Conservative Profile II	Initial Class	100
Great-West Moderately Conservative Profile II	Class L	35
Great-West Moderately Conservative Profile II	Institutional Class	5
Great-West Moderate Profile II	Initial Class	250
Great-West Moderate Profile II	Class L	35
Great-West Moderate Profile II	Institutional Class	5
Great-West Moderately Aggressive Profile II	Initial Class	100
Great-West Moderately Aggressive Profile II	Class L	35
Great-West Moderately Aggressive Profile II	Institutional Class	5
Great-West Aggressive Profile II	Initial Class	175
Great-West Aggressive Profile II	Class L	35
Great-West Aggressive Profile II	Institutional Class	5
Great-West Lifetime 2015 I	Class T	35
Great-West Lifetime 2015 I	Class T1	35
Great-West Lifetime 2015 I	Class L	5
Great-West Lifetime 2015 I	Institutional Class	5
Great-West Lifetime 2015 II	Class T	35
Great-West Lifetime 2015 II	Class T1	100
Great-West Lifetime 2015 II	Class L	23
Great-West Lifetime 2015 II	Institutional Class	5
Great-West Lifetime 2015 III	Class T	35

3

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Lifetime 2015 III	Class T1	35
Great-West Lifetime 2015 III	Class L	5
Great-West Lifetime 2015 III	Institutional Class	5
Great-West Lifetime 2025 I	Class T	35
Great-West Lifetime 2025 I	Class T1	35
Great-West Lifetime 2025 I	Class L	5
Great-West Lifetime 2025 I	Institutional Class	5
Great-West Lifetime 2025 II	Class T	35
Great-West Lifetime 2025 II	Class T1	120
Great-West Lifetime 2025 II	Class L	23
Great-West Lifetime 2025 II	Institutional Class	5
Great-West Lifetime 2025 III	Class T	35
Great-West Lifetime 2025 III	Class T1	35
Great-West Lifetime 2025 III	Class L	5
Great-West Lifetime 2025 III	Institutional Class	5
Great-West Lifetime 2035 I	Class T	35
Great-West Lifetime 2035 I	Class T1	35
Great-West Lifetime 2035 I	Class L	5
Great-West Lifetime 2035 I	Institutional Class	5
Great-West Lifetime 2035 II	Class T	35
Great-West Lifetime 2035 II	Class T1	90
Great-West Lifetime 2035 II	Class L	23
Great-West Lifetime 2035 II	Institutional Class	5
Great-West Lifetime 2035 III	Class T	35
Great-West Lifetime 2035 III	Class T1	35
Great-West Lifetime 2035 III	Class L	5
Great-West Lifetime 2035 III	Institutional Class	5
Great-West Lifetime 2045 I	Class T	35
Great-West Lifetime 2045 I	Class T1	35
Great-West Lifetime 2045 I	Class L	5
Great-West Lifetime 2045 I	Institutional Class	5
Great-West Lifetime 2045 II	Class T	35
Great-West Lifetime 2045 II	Class T1	45
Great-West Lifetime 2045 II	Class L	23
Great-West Lifetime 2045 II	Institutional Class	5
Great-West Lifetime 2045 III	Class T	35
Great-West Lifetime 2045 III	Class T1	35
Great-West Lifetime 2045 III	Class L	5
Great-West Lifetime 2045 III	Institutional Class	5
Great-West Lifetime 2055 I	Class T	35
Great-West Lifetime 2055 I	Class T1	35
Great-West Lifetime 2055 I	Class L	5
Great-West Lifetime 2055 I	Institutional Class	5
Great-West Lifetime 2055 II	Class T	35
Great-West Lifetime 2055 II	Class T1	35
Great-West Lifetime 2055 II	Class L	23
Great-West Lifetime 2055 II	Institutional Class	5
Great-West Lifetime 2055 III	Class T	35
Great-West Lifetime 2055 III	Class T1	35

4

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Lifetime 2055 III	Class L	5
Great-West Lifetime 2055 III	Institutional Class	5
Great-West SecureFoundation® Balanced	Class G	30
Great-West SecureFoundation® Balanced	Class G1	30
Great-West SecureFoundation® Balanced	Class L	23
Great-West SecureFoundation® Balanced	Institutional Class	5
Great-West SecureFoundation® Balanced ETF	Class A	20
Great-West SecureFoundation® Lifetime 2015	Class G	30
Great-West SecureFoundation® Lifetime 2015	Class G1	30
Great-West SecureFoundation® Lifetime 2015	Class L	5
Great-West SecureFoundation® Lifetime 2015	Institutional Class	5
Great-West SecureFoundation® Lifetime 2020	Class G	10
Great-West SecureFoundation® Lifetime 2020	Class G1	5
Great-West SecureFoundation® Lifetime 2020	Class L	5
Great-West SecureFoundation® Lifetime 2020	Institutional Class	5
Great-West SecureFoundation® Lifetime 2025	Class G	30
Great-West SecureFoundation® Lifetime 2025	Class G1	30
Great-West SecureFoundation® Lifetime 2025	Class L	5
Great-West SecureFoundation® Lifetime 2025	Institutional Class	5
Great-West SecureFoundation® Lifetime 2030	Class G	10
Great-West SecureFoundation® Lifetime 2030	Class G1	5
Great-West SecureFoundation® Lifetime 2030	Class L	5
Great-West SecureFoundation® Lifetime 2030	Institutional Class	5
Great-West SecureFoundation® Lifetime 2035	Class G	30
Great-West SecureFoundation® Lifetime 2035	Class G1	30
Great-West SecureFoundation® Lifetime 2035	Class L	5
Great-West SecureFoundation® Lifetime 2035	Institutional Class	5
Great-West SecureFoundation® Lifetime 2040	Class G	10
Great-West SecureFoundation® Lifetime 2040	Class G1	5
Great-West SecureFoundation® Lifetime 2040	Class L	5
Great-West SecureFoundation® Lifetime 2040	Institutional Class	5
Great-West SecureFoundation® Lifetime 2045	Class G	30
Great-West SecureFoundation® Lifetime 2045	Class G1	30
Great-West SecureFoundation® Lifetime 2045	Class L	5
Great-West SecureFoundation® Lifetime 2045	Institutional Class	5
Great-West SecureFoundation® Lifetime 2050	Class G	5
Great-West SecureFoundation® Lifetime 2050	Class G1	5
Great-West SecureFoundation® Lifetime 2050	Class L	5
Great-West SecureFoundation® Lifetime 2050	Institutional Class	5
Great-West SecureFoundation® Lifetime 2055	Class G	30
Great-West SecureFoundation® Lifetime 2055	Class G1	30
Great-West SecureFoundation® Lifetime 2055	Class L	5
Great-West SecureFoundation® Lifetime 2055	Institutional Class	5
Unclassified Capital Stock:		1114.5
Total:		11,000

5

As supplemented hereby, the Corporation’s Articles of Amendment and Restatement authorize the issuance of eleven billion (11,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of eleven million dollars ($11,000,000), classified as follows:

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Money Market	Initial Class	1,000
Great-West Money Market	Institutional Class	5
Great-West Stock Index	Initial Class	70
Great-West Stock Index	Class L	5
Great-West Stock Index	Institutional Class	5
Great-West Bond Index	Initial Class	85
Great-West Bond Index	Class L	5
Great-West Bond Index	Institutional Class	150
Great-West U.S. Government Mortgage Securities	Initial Class	75
Great-West U.S. Government Mortgage Securities	Class L	5
Great-West U.S. Government Mortgage Securities	Institutional Class	150
Great-West S&P Small Cap 600® Index	Initial Class	90
Great-West S&P Small Cap 600® Index	Class L	5
Great-West S&P Small Cap 600® Index	Institutional Class	150
Great-West Putnam High Yield Bond	Initial Class	20
Great-West Putnam High Yield Bond	Class L	5
Great-West Putnam High Yield Bond	Institutional Class	150
Great-West Multi-Manager Large Cap Growth	Initial Class	20
Great-West Multi-Manager Large Cap Growth	Class L	5
Great-West Multi-Manager Large Cap Growth	Institutional Class	150
Great-West MFS International Growth	Initial Class	20
Great-West MFS International Growth	Class L	5
Great-West MFS International Growth	Institutional Class	150
Great-West Federated Bond	Initial Class	20
Great-West Federated Bond	Class L	5
Great-West Federated Bond	Institutional Class	150
Great-West MFS International Value	Initial Class	65
Great-West MFS International Value	Class L	5
Great-West MFS International Value	Institutional Class	150
Great-West S&P 500® Index	Initial Class	140
Great-West S&P 500® Index	Class L	5
Great-West S&P 500® Index	Institutional Class	150
Great-West Goldman Sachs Mid Cap Value	Initial Class	45
Great-West Goldman Sachs Mid Cap Value	Class L	5
Great-West Goldman Sachs Mid Cap Value	Institutional Class	150
Great-West Invesco Small Cap Value	Initial Class	20
Great-West Invesco Small Cap Value	Class L	5
Great-West Invesco Small Cap Value	Institutional Class	150
Great-West Ariel Mid Cap Value	Initial Class	200
Great-West Ariel Mid Cap Value	Class L	5
Great-West Ariel Mid Cap Value	Institutional Class	150
Great-West Loomis Sayles Small Cap Value	Initial Class	50
Great-West Loomis Sayles Small Cap Value	Class L	5
Great-West Loomis Sayles Small Cap Value	Institutional Class	150
Great-West Loomis Sayles Bond	Initial Class	80

6

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Loomis Sayles Bond	Class L	5
Great-West Loomis Sayles Bond	Institutional Class	150
Great-West T. Rowe Price Equity Income	Initial Class	100
Great-West T. Rowe Price Equity Income	Class L	5
Great-West T. Rowe Price Equity Income	Institutional Class	150
Great-West Small Cap Growth	Initial Class	30
Great-West Small Cap Growth	Class L	5
Great-West Small Cap Growth	Institutional Class	150
Great-West Short Duration Bond	Initial Class	75
Great-West Short Duration Bond	Class L	5
Great-West Short Duration Bond	Institutional Class	150
Great-West T. Rowe Price Mid Cap Growth	Initial Class	100
Great-West T. Rowe Price Mid Cap Growth	Class L	5
Great-West T. Rowe Price Mid Cap Growth	Institutional Class	150
Great-West Templeton Global Bond	Initial Class	70
Great-West Templeton Global Bond	Class L	5
Great-West Templeton Global Bond	Institutional Class	150
Great-West S&P Mid Cap 400® Index	Initial Class	27.5
Great-West S&P Mid Cap 400® Index	Class L	5
Great-West S&P Mid Cap 400® Index	Institutional Class	150
Great-West International Index	Initial Class	30
Great-West International Index	Class L	5
Great-West International Index	Institutional Class	150
Great-West Putnam Equity Income	Initial Class	35
Great-West Putnam Equity Income	Class L	5
Great-West Putnam Equity Income	Institutional Class	150
Great-West American Century Growth	Initial Class	55
Great-West American Century Growth	Class L	5
Great-West American Century Growth	Institutional Class	150
Great-West Real Estate Index	Initial Class	10
Great-West Real Estate Index	Class L	5
Great-West Real Estate Index	Institutional Class	150
Great-West Multi-Manager Small Cap Growth	Initial Class	30
Great-West Multi-Manager Small Cap Growth	Class L	5
Great-West Multi-Manager Small Cap Growth	Institutional Class	150
Great-West Conservative Profile I	Initial Class	100
Great-West Conservative Profile I	Class L	5
Great-West Conservative Profile I	Institutional Class	5
Great-West Moderately Conservative Profile I	Initial Class	100
Great-West Moderately Conservative Profile I	Class L	5
Great-West Moderately Conservative Profile I	Institutional Class	5
Great-West Moderate Profile I	Initial Class	100
Great-West Moderate Profile I	Class L	5
Great-West Moderate Profile I	Institutional Class	5
Great-West Moderately Aggressive Profile I	Initial Class	100
Great-West Moderately Aggressive Profile I	Class L	5
Great-West Moderately Aggressive Profile I	Institutional Class	5
Great-West Aggressive Profile I	Initial Class	100
Great-West Aggressive Profile I	Class L	5

7

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Aggressive Profile I	Institutional Class	5
Great-West Conservative Profile II	Initial Class	100
Great-West Conservative Profile II	Class L	35
Great-West Conservative Profile II	Institutional Class	5
Great-West Moderately Conservative Profile II	Initial Class	100
Great-West Moderately Conservative Profile II	Class L	35
Great-West Moderately Conservative Profile II	Institutional Class	5
Great-West Moderate Profile II	Initial Class	250
Great-West Moderate Profile II	Class L	35
Great-West Moderate Profile II	Institutional Class	5
Great-West Moderately Aggressive Profile II	Initial Class	100
Great-West Moderately Aggressive Profile II	Class L	35
Great-West Moderately Aggressive Profile II	Institutional Class	5
Great-West Aggressive Profile II	Initial Class	175
Great-West Aggressive Profile II	Class L	35
Great-West Aggressive Profile II	Institutional Class	5
Great-West Lifetime 2015 I	Class T	35
Great-West Lifetime 2015 I	Class T1	35
Great-West Lifetime 2015 I	Class L	5
Great-West Lifetime 2015 I	Institutional Class	5
Great-West Lifetime 2015 II	Class T	35
Great-West Lifetime 2015 II	Class T1	100
Great-West Lifetime 2015 II	Class L	23
Great-West Lifetime 2015 II	Institutional Class	5
Great-West Lifetime 2015 III	Class T	35
Great-West Lifetime 2015 III	Class T1	35
Great-West Lifetime 2015 III	Class L	5
Great-West Lifetime 2015 III	Institutional Class	5
Great-West Lifetime 2025 I	Class T	35
Great-West Lifetime 2025 I	Class T1	35
Great-West Lifetime 2025 I	Class L	5
Great-West Lifetime 2025 I	Institutional Class	5
Great-West Lifetime 2025 II	Class T	35
Great-West Lifetime 2025 II	Class T1	120
Great-West Lifetime 2025 II	Class L	23
Great-West Lifetime 2025 II	Institutional Class	5
Great-West Lifetime 2025 III	Class T	35
Great-West Lifetime 2025 III	Class T1	35
Great-West Lifetime 2025 III	Class L	5
Great-West Lifetime 2025 III	Institutional Class	5
Great-West Lifetime 2035 I	Class T	35
Great-West Lifetime 2035 I	Class T1	35
Great-West Lifetime 2035 I	Class L	5
Great-West Lifetime 2035 I	Institutional Class	5
Great-West Lifetime 2035 II	Class T	35
Great-West Lifetime 2035 II	Class T1	90
Great-West Lifetime 2035 II	Class L	23
Great-West Lifetime 2035 II	Institutional Class	5
Great-West Lifetime 2035 III	Class T	35

8

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Lifetime 2035 III	Class T1	35
Great-West Lifetime 2035 III	Class L	5
Great-West Lifetime 2035 III	Institutional Class	5
Great-West Lifetime 2045 I	Class T	35
Great-West Lifetime 2045 I	Class T1	35
Great-West Lifetime 2045 I	Class L	5
Great-West Lifetime 2045 I	Institutional Class	5
Great-West Lifetime 2045 II	Class T	35
Great-West Lifetime 2045 II	Class T1	45
Great-West Lifetime 2045 II	Class L	23
Great-West Lifetime 2045 II	Institutional Class	5
Great-West Lifetime 2045 III	Class T	35
Great-West Lifetime 2045 III	Class T1	35
Great-West Lifetime 2045 III	Class L	5
Great-West Lifetime 2045 III	Institutional Class	5
Great-West Lifetime 2055 I	Class T	35
Great-West Lifetime 2055 I	Class T1	35
Great-West Lifetime 2055 I	Class L	5
Great-West Lifetime 2055 I	Institutional Class	5
Great-West Lifetime 2055 II	Class T	35
Great-West Lifetime 2055 II	Class T1	35
Great-West Lifetime 2055 II	Class L	23
Great-West Lifetime 2055 II	Institutional Class	5
Great-West Lifetime 2055 III	Class T	35
Great-West Lifetime 2055 III	Class T1	35
Great-West Lifetime 2055 III	Class L	5
Great-West Lifetime 2055 III	Institutional Class	5
Great-West SecureFoundation® Balanced	Class G	30
Great-West SecureFoundation® Balanced	Class G1	30
Great-West SecureFoundation® Balanced	Class L	23
Great-West SecureFoundation® Balanced	Institutional Class	5
Great-West SecureFoundation® Balanced ETF	Class A	20
Great-West SecureFoundation® Lifetime 2015	Class G	30
Great-West SecureFoundation® Lifetime 2015	Class G1	30
Great-West SecureFoundation® Lifetime 2015	Class L	5
Great-West SecureFoundation® Lifetime 2015	Institutional Class	5
Great-West SecureFoundation® Lifetime 2020	Class G	10
Great-West SecureFoundation® Lifetime 2020	Class G1	5
Great-West SecureFoundation® Lifetime 2020	Class L	5
Great-West SecureFoundation® Lifetime 2020	Institutional Class	5
Great-West SecureFoundation® Lifetime 2025	Class G	30
Great-West SecureFoundation® Lifetime 2025	Class G1	30
Great-West SecureFoundation® Lifetime 2025	Class L	5
Great-West SecureFoundation® Lifetime 2025	Institutional Class	5
Great-West SecureFoundation® Lifetime 2030	Class G	10
Great-West SecureFoundation® Lifetime 2030	Class G1	5
Great-West SecureFoundation® Lifetime 2030	Class L	5
Great-West SecureFoundation® Lifetime 2030	Institutional Class	5
Great-West SecureFoundation® Lifetime 2035	Class G	30

9

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West SecureFoundation® Lifetime 2035	Class G1	30
Great-West SecureFoundation® Lifetime 2035	Class L	5
Great-West SecureFoundation® Lifetime 2035	Institutional Class	5
Great-West SecureFoundation® Lifetime 2040	Class G	10
Great-West SecureFoundation® Lifetime 2040	Class G1	5
Great-West SecureFoundation® Lifetime 2040	Class L	5
Great-West SecureFoundation® Lifetime 2040	Institutional Class	5
Great-West SecureFoundation® Lifetime 2045	Class G	30
Great-West SecureFoundation® Lifetime 2045	Class G1	30
Great-West SecureFoundation® Lifetime 2045	Class L	5
Great-West SecureFoundation® Lifetime 2045	Institutional Class	5
Great-West SecureFoundation® Lifetime 2050	Class G	5
Great-West SecureFoundation® Lifetime 2050	Class G1	5
Great-West SecureFoundation® Lifetime 2050	Class L	5
Great-West SecureFoundation® Lifetime 2050	Institutional Class	5
Great-West SecureFoundation® Lifetime 2055	Class G	30
Great-West SecureFoundation® Lifetime 2055	Class G1	30
Great-West SecureFoundation® Lifetime 2055	Class L	5
Great-West SecureFoundation® Lifetime 2055	Institutional Class	5
Unclassified Capital Stock:		1014.5
Total:		11,000

FOURTH: The Corporation is registered as an open-end company under the Investment Company of 1940.

FIFTH: These Articles Supplementary shall be effective on August 28, 2015.

IN WITNESS WHEREOF, the Corporation has caused these Articles Supplementary to be signed, and witnessed, in its name and on its behalf by its undersigned officers who acknowledge that these Articles Supplementary are the act of the Corporation; that to the best of their knowledge, information and belief, all matters and facts set forth herein relating to the authorization and approval of these Articles Supplementary are true in all material respects; and that this statement is made under the penalties of perjury.

GREAT-WEST FUNDS, INC.
By:	/s/ Edmund F. Murphy III
Name:	Edmund F. Murphy III
Title:	President and Chief Executive Officer

ATTEST:
By:	/s/ Ryan L. Logsdon
Name:	Ryan L. Logsdon
Title:	Assistant Vice President, Counsel & Secretary

10

GREAT-WEST FUNDS, INC.

ARTICLES SUPPLEMENTARY

Great-West Funds, Inc., a Maryland corporation registered as an open-end investment company under the Investment Company Act of 1940, as amended (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of Maryland that:

FIRST:   On December 17, 2015, the Board of Directors of the Corporation, pursuant to the authority contained in the Corporation’s charter, and in accordance with Section 2-105(c) of the Maryland General Corporation Law, unanimously adopted resolutions approving:

The re-classification of the following shares of previously classified but unissued shares of Common Stock of the Corporation as follows:

Previously Classified Shares (expressed in millions)	Re-Classified Shares (expressed in millions)
Great-West Money Market Fund Initial Class – 1,000	Great-West Money Market Fund Initial Class – 1,250
Great-West Money Market Fund Institutional Class – 5	Great-West Money Market Fund Institutional Class – 150
Great-West Bond Index Fund Class L - 5	Great-West Bond Index Fund Class L – 10
Great-West S&P 500 Index® Fund Class L - 5	Great-West S&P 500 Index® Fund Class L – 10
Great-West Multi-Manager Large Cap Growth Fund Initial Class - 20	Great-West Multi-Manager Large Cap Growth Fund Initial Class – 50
Great-West Lifetime 2035 Fund II Class T1 - 90	Great-West Lifetime 2045 Fund II Class T1 – 100
Great-West Lifetime 2045 Fund II Class T1 - 45	Great-West Lifetime 2045 Fund II Class T1 – 50

SECOND: The total number of shares of capital stock that the Corporation has authority to issue has been increased or decreased by the Board of Directors in accordance with Section 2-105(c) of the Maryland General Corporation Law to the extent hereafter set forth.

THIRD: Immediately prior to the effectiveness of these Articles Supplementary of the Corporation, the Corporation had the authority to issue eleven billion (11,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of eleven million dollars ($11,000,000), of which the Board of Directors had designated 9,985,500,000 shares into portfolios and classes and classified the shares of each portfolio and class as follows:

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Money Market	Initial Class	1,000
Great-West Money Market	Institutional Class	5
Great-West Stock Index	Initial Class	70
Great-West Stock Index	Class L	5
Great-West Stock Index	Institutional Class	5
Great-West Bond Index	Initial Class	85
Great-West Bond Index	Class L	5
Great-West Bond Index	Institutional Class	150
Great-West U.S. Government Mortgage Securities	Initial Class	75

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West U.S. Government Mortgage Securities	Class L	5
Great-West U.S. Government Mortgage Securities	Institutional Class	150
Great-West S&P Small Cap 600® Index	Initial Class	90
Great-West S&P Small Cap 600® Index	Class L	5
Great-West S&P Small Cap 600® Index	Institutional Class	150
Great-West Putnam High Yield Bond	Initial Class	20
Great-West Putnam High Yield Bond	Class L	5
Great-West Putnam High Yield Bond	Institutional Class	150
Great-West Multi-Manager Large Cap Growth	Initial Class	20
Great-West Multi-Manager Large Cap Growth	Class L	5
Great-West Multi-Manager Large Cap Growth	Institutional Class	150
Great-West MFS International Growth	Initial Class	20
Great-West MFS International Growth	Class L	5
Great-West MFS International Growth	Institutional Class	150
Great-West Federated Bond	Initial Class	20
Great-West Federated Bond	Class L	5
Great-West Federated Bond	Institutional Class	150
Great-West MFS International Value	Initial Class	65
Great-West MFS International Value	Class L	5
Great-West MFS International Value	Institutional Class	150
Great-West S&P 500® Index	Initial Class	140
Great-West S&P 500® Index	Class L	5
Great-West S&P 500® Index	Institutional Class	150
Great-West Goldman Sachs Mid Cap Value	Initial Class	45
Great-West Goldman Sachs Mid Cap Value	Class L	5
Great-West Goldman Sachs Mid Cap Value	Institutional Class	150
Great-West Invesco Small Cap Value	Initial Class	20
Great-West Invesco Small Cap Value	Class L	5
Great-West Invesco Small Cap Value	Institutional Class	150
Great-West Ariel Mid Cap Value	Initial Class	200
Great-West Ariel Mid Cap Value	Class L	5
Great-West Ariel Mid Cap Value	Institutional Class	150
Great-West Loomis Sayles Small Cap Value	Initial Class	50
Great-West Loomis Sayles Small Cap Value	Class L	5
Great-West Loomis Sayles Small Cap Value	Institutional Class	150
Great-West Loomis Sayles Bond	Initial Class	80
Great-West Loomis Sayles Bond	Class L	5
Great-West Loomis Sayles Bond	Institutional Class	150
Great-West T. Rowe Price Equity Income	Initial Class	100
Great-West T. Rowe Price Equity Income	Class L	5
Great-West T. Rowe Price Equity Income	Institutional Class	150
Great-West Small Cap Growth	Initial Class	30
Great-West Small Cap Growth	Class L	5
Great-West Small Cap Growth	Institutional Class	150
Great-West Short Duration Bond	Initial Class	75
Great-West Short Duration Bond	Class L	5
Great-West Short Duration Bond	Institutional Class	150
Great-West T. Rowe Price Mid Cap Growth	Initial Class	100
Great-West T. Rowe Price Mid Cap Growth	Class L	5

2

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West T. Rowe Price Mid Cap Growth	Institutional Class	150
Great-West Templeton Global Bond	Initial Class	70
Great-West Templeton Global Bond	Class L	5
Great-West Templeton Global Bond	Institutional Class	150
Great-West S&P Mid Cap 400® Index	Initial Class	27.5
Great-West S&P Mid Cap 400® Index	Class L	5
Great-West S&P Mid Cap 400® Index	Institutional Class	150
Great-West International Index	Initial Class	30
Great-West International Index	Class L	5
Great-West International Index	Institutional Class	150
Great-West Putnam Equity Income	Initial Class	35
Great-West Putnam Equity Income	Class L	5
Great-West Putnam Equity Income	Institutional Class	150
Great-West American Century Growth	Initial Class	55
Great-West American Century Growth	Class L	5
Great-West American Century Growth	Institutional Class	150
Great-West Real Estate Index	Initial Class	10
Great-West Real Estate Index	Class L	5
Great-West Real Estate Index	Institutional Class	150
Great-West Multi-Manager Small Cap Growth	Initial Class	30
Great-West Multi-Manager Small Cap Growth	Class L	5
Great-West Multi-Manager Small Cap Growth	Institutional Class	150
Great-West Conservative Profile I	Initial Class	100
Great-West Conservative Profile I	Class L	5
Great-West Conservative Profile I	Institutional Class	5
Great-West Moderately Conservative Profile I	Initial Class	100
Great-West Moderately Conservative Profile I	Class L	5
Great-West Moderately Conservative Profile I	Institutional Class	5
Great-West Moderate Profile I	Initial Class	100
Great-West Moderate Profile I	Class L	5
Great-West Moderate Profile I	Institutional Class	5
Great-West Moderately Aggressive Profile I	Initial Class	100
Great-West Moderately Aggressive Profile I	Class L	5
Great-West Moderately Aggressive Profile I	Institutional Class	5
Great-West Aggressive Profile I	Initial Class	100
Great-West Aggressive Profile I	Class L	5
Great-West Aggressive Profile I	Institutional Class	5
Great-West Conservative Profile II	Initial Class	100
Great-West Conservative Profile II	Class L	35
Great-West Conservative Profile II	Institutional Class	5
Great-West Moderately Conservative Profile II	Initial Class	100
Great-West Moderately Conservative Profile II	Class L	35
Great-West Moderately Conservative Profile II	Institutional Class	5
Great-West Moderate Profile II	Initial Class	250
Great-West Moderate Profile II	Class L	35
Great-West Moderate Profile II	Institutional Class	5
Great-West Moderately Aggressive Profile II	Initial Class	100
Great-West Moderately Aggressive Profile II	Class L	35
Great-West Moderately Aggressive Profile II	Institutional Class	5

3

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Aggressive Profile II	Initial Class	175
Great-West Aggressive Profile II	Class L	35
Great-West Aggressive Profile II	Institutional Class	5
Great-West Lifetime 2015 I	Class T	35
Great-West Lifetime 2015 I	Class T1	35
Great-West Lifetime 2015 I	Class L	5
Great-West Lifetime 2015 I	Institutional Class	5
Great-West Lifetime 2015 II	Class T	35
Great-West Lifetime 2015 II	Class T1	100
Great-West Lifetime 2015 II	Class L	23
Great-West Lifetime 2015 II	Institutional Class	5
Great-West Lifetime 2015 III	Class T	35
Great-West Lifetime 2015 III	Class T1	35
Great-West Lifetime 2015 III	Class L	5
Great-West Lifetime 2015 III	Institutional Class	5
Great-West Lifetime 2025 I	Class T	35
Great-West Lifetime 2025 I	Class T1	35
Great-West Lifetime 2025 I	Class L	5
Great-West Lifetime 2025 I	Institutional Class	5
Great-West Lifetime 2025 II	Class T	35
Great-West Lifetime 2025 II	Class T1	120
Great-West Lifetime 2025 II	Class L	23
Great-West Lifetime 2025 II	Institutional Class	5
Great-West Lifetime 2025 III	Class T	35
Great-West Lifetime 2025 III	Class T1	35
Great-West Lifetime 2025 III	Class L	5
Great-West Lifetime 2025 III	Institutional Class	5
Great-West Lifetime 2035 I	Class T	35
Great-West Lifetime 2035 I	Class T1	35
Great-West Lifetime 2035 I	Class L	5
Great-West Lifetime 2035 I	Institutional Class	5
Great-West Lifetime 2035 II	Class T	35
Great-West Lifetime 2035 II	Class T1	90
Great-West Lifetime 2035 II	Class L	23
Great-West Lifetime 2035 II	Institutional Class	5
Great-West Lifetime 2035 III	Class T	35
Great-West Lifetime 2035 III	Class T1	35
Great-West Lifetime 2035 III	Class L	5
Great-West Lifetime 2035 III	Institutional Class	5
Great-West Lifetime 2045 I	Class T	35
Great-West Lifetime 2045 I	Class T1	35
Great-West Lifetime 2045 I	Class L	5
Great-West Lifetime 2045 I	Institutional Class	5
Great-West Lifetime 2045 II	Class T	35
Great-West Lifetime 2045 II	Class T1	45
Great-West Lifetime 2045 II	Class L	23
Great-West Lifetime 2045 II	Institutional Class	5
Great-West Lifetime 2045 III	Class T	35
Great-West Lifetime 2045 III	Class T1	35

4

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Lifetime 2045 III	Class L	5
Great-West Lifetime 2045 III	Institutional Class	5
Great-West Lifetime 2055 I	Class T	35
Great-West Lifetime 2055 I	Class T1	35
Great-West Lifetime 2055 I	Class L	5
Great-West Lifetime 2055 I	Institutional Class	5
Great-West Lifetime 2055 II	Class T	35
Great-West Lifetime 2055 II	Class T1	35
Great-West Lifetime 2055 II	Class L	23
Great-West Lifetime 2055 II	Institutional Class	5
Great-West Lifetime 2055 III	Class T	35
Great-West Lifetime 2055 III	Class T1	35
Great-West Lifetime 2055 III	Class L	5
Great-West Lifetime 2055 III	Institutional Class	5
Great-West SecureFoundation® Balanced	Class G	30
Great-West SecureFoundation® Balanced	Class G1	30
Great-West SecureFoundation® Balanced	Class L	23
Great-West SecureFoundation® Balanced	Institutional Class	5
Great-West SecureFoundation® Balanced ETF	Class A	20
Great-West SecureFoundation® Lifetime 2015	Class G	30
Great-West SecureFoundation® Lifetime 2015	Class G1	30
Great-West SecureFoundation® Lifetime 2015	Class L	5
Great-West SecureFoundation® Lifetime 2015	Institutional Class	5
Great-West SecureFoundation® Lifetime 2020	Class G	10
Great-West SecureFoundation® Lifetime 2020	Class G1	5
Great-West SecureFoundation® Lifetime 2020	Class L	5
Great-West SecureFoundation® Lifetime 2020	Institutional Class	5
Great-West SecureFoundation® Lifetime 2025	Class G	30
Great-West SecureFoundation® Lifetime 2025	Class G1	30
Great-West SecureFoundation® Lifetime 2025	Class L	5
Great-West SecureFoundation® Lifetime 2025	Institutional Class	5
Great-West SecureFoundation® Lifetime 2030	Class G	10
Great-West SecureFoundation® Lifetime 2030	Class G1	5
Great-West SecureFoundation® Lifetime 2030	Class L	5
Great-West SecureFoundation® Lifetime 2030	Institutional Class	5
Great-West SecureFoundation® Lifetime 2035	Class G	30
Great-West SecureFoundation® Lifetime 2035	Class G1	30
Great-West SecureFoundation® Lifetime 2035	Class L	5
Great-West SecureFoundation® Lifetime 2035	Institutional Class	5
Great-West SecureFoundation® Lifetime 2040	Class G	10
Great-West SecureFoundation® Lifetime 2040	Class G1	5
Great-West SecureFoundation® Lifetime 2040	Class L	5
Great-West SecureFoundation® Lifetime 2040	Institutional Class	5
Great-West SecureFoundation® Lifetime 2045	Class G	30
Great-West SecureFoundation® Lifetime 2045	Class G1	30
Great-West SecureFoundation® Lifetime 2045	Class L	5
Great-West SecureFoundation® Lifetime 2045	Institutional Class	5
Great-West SecureFoundation® Lifetime 2050	Class G	5
Great-West SecureFoundation® Lifetime 2050	Class G1	5

5

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West SecureFoundation® Lifetime 2050	Class L	5
Great-West SecureFoundation® Lifetime 2050	Institutional Class	5
Great-West SecureFoundation® Lifetime 2055	Class G	30
Great-West SecureFoundation® Lifetime 2055	Class G1	30
Great-West SecureFoundation® Lifetime 2055	Class L	5
Great-West SecureFoundation® Lifetime 2055	Institutional Class	5
Unclassified Capital Stock:		1014.5
Total:		11,000

As supplemented hereby, the Corporation’s Articles of Amendment and Restatement authorize the issuance of eleven billion (11,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of eleven million dollars ($11,000,000), classified as follows:

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Money Market	Initial Class	1,250
Great-West Money Market	Institutional Class	150
Great-West Stock Index	Initial Class	70
Great-West Stock Index	Class L	5
Great-West Stock Index	Institutional Class	5
Great-West Bond Index	Initial Class	85
Great-West Bond Index	Class L	10
Great-West Bond Index	Institutional Class	150
Great-West U.S. Government Mortgage Securities	Initial Class	75
Great-West U.S. Government Mortgage Securities	Class L	5
Great-West U.S. Government Mortgage Securities	Institutional Class	150
Great-West S&P Small Cap 600® Index	Initial Class	90
Great-West S&P Small Cap 600® Index	Class L	5
Great-West S&P Small Cap 600® Index	Institutional Class	150
Great-West Putnam High Yield Bond	Initial Class	20
Great-West Putnam High Yield Bond	Class L	5
Great-West Putnam High Yield Bond	Institutional Class	150
Great-West Multi-Manager Large Cap Growth	Initial Class	50
Great-West Multi-Manager Large Cap Growth	Class L	5
Great-West Multi-Manager Large Cap Growth	Institutional Class	150
Great-West MFS International Growth	Initial Class	20
Great-West MFS International Growth	Class L	5
Great-West MFS International Growth	Institutional Class	150
Great-West Federated Bond	Initial Class	20
Great-West Federated Bond	Class L	5
Great-West Federated Bond	Institutional Class	150
Great-West MFS International Value	Initial Class	65
Great-West MFS International Value	Class L	5
Great-West MFS International Value	Institutional Class	150

6

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West S&P 500® Index	Initial Class	140
Great-West S&P 500® Index	Class L	10
Great-West S&P 500® Index	Institutional Class	150
Great-West Goldman Sachs Mid Cap Value	Initial Class	45
Great-West Goldman Sachs Mid Cap Value	Class L	5
Great-West Goldman Sachs Mid Cap Value	Institutional Class	150
Great-West Invesco Small Cap Value	Initial Class	20
Great-West Invesco Small Cap Value	Class L	5
Great-West Invesco Small Cap Value	Institutional Class	150
Great-West Ariel Mid Cap Value	Initial Class	200
Great-West Ariel Mid Cap Value	Class L	5
Great-West Ariel Mid Cap Value	Institutional Class	150
Great-West Loomis Sayles Small Cap Value	Initial Class	50
Great-West Loomis Sayles Small Cap Value	Class L	5
Great-West Loomis Sayles Small Cap Value	Institutional Class	150
Great-West Loomis Sayles Bond	Initial Class	80
Great-West Loomis Sayles Bond	Class L	5
Great-West Loomis Sayles Bond	Institutional Class	150
Great-West T. Rowe Price Equity Income	Initial Class	100
Great-West T. Rowe Price Equity Income	Class L	5
Great-West T. Rowe Price Equity Income	Institutional Class	150
Great-West Small Cap Growth	Initial Class	30
Great-West Small Cap Growth	Class L	5
Great-West Small Cap Growth	Institutional Class	150
Great-West Short Duration Bond	Initial Class	75
Great-West Short Duration Bond	Class L	5
Great-West Short Duration Bond	Institutional Class	150
Great-West T. Rowe Price Mid Cap Growth	Initial Class	100
Great-West T. Rowe Price Mid Cap Growth	Class L	5
Great-West T. Rowe Price Mid Cap Growth	Institutional Class	150
Great-West Templeton Global Bond	Initial Class	70
Great-West Templeton Global Bond	Class L	5
Great-West Templeton Global Bond	Institutional Class	150
Great-West S&P Mid Cap 400® Index	Initial Class	27.5
Great-West S&P Mid Cap 400® Index	Class L	5
Great-West S&P Mid Cap 400® Index	Institutional Class	150
Great-West International Index	Initial Class	30
Great-West International Index	Class L	5
Great-West International Index	Institutional Class	150
Great-West Putnam Equity Income	Initial Class	35
Great-West Putnam Equity Income	Class L	5
Great-West Putnam Equity Income	Institutional Class	150
Great-West American Century Growth	Initial Class	55
Great-West American Century Growth	Class L	5
Great-West American Century Growth	Institutional Class	150
Great-West Real Estate Index	Initial Class	10
Great-West Real Estate Index	Class L	5
Great-West Real Estate Index	Institutional Class	150
Great-West Multi-Manager Small Cap Growth	Initial Class	30

7

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Multi-Manager Small Cap Growth	Class L	5
Great-West Multi-Manager Small Cap Growth	Institutional Class	150
Great-West Conservative Profile I	Initial Class	100
Great-West Conservative Profile I	Class L	5
Great-West Conservative Profile I	Institutional Class	5
Great-West Moderately Conservative Profile I	Initial Class	100
Great-West Moderately Conservative Profile I	Class L	5
Great-West Moderately Conservative Profile I	Institutional Class	5
Great-West Moderate Profile I	Initial Class	100
Great-West Moderate Profile I	Class L	5
Great-West Moderate Profile I	Institutional Class	5
Great-West Moderately Aggressive Profile I	Initial Class	100
Great-West Moderately Aggressive Profile I	Class L	5
Great-West Moderately Aggressive Profile I	Institutional Class	5
Great-West Aggressive Profile I	Initial Class	100
Great-West Aggressive Profile I	Class L	5
Great-West Aggressive Profile I	Institutional Class	5
Great-West Conservative Profile II	Initial Class	100
Great-West Conservative Profile II	Class L	35
Great-West Conservative Profile II	Institutional Class	5
Great-West Moderately Conservative Profile II	Initial Class	100
Great-West Moderately Conservative Profile II	Class L	35
Great-West Moderately Conservative Profile II	Institutional Class	5
Great-West Moderate Profile II	Initial Class	250
Great-West Moderate Profile II	Class L	35
Great-West Moderate Profile II	Institutional Class	5
Great-West Moderately Aggressive Profile II	Initial Class	100
Great-West Moderately Aggressive Profile II	Class L	35
Great-West Moderately Aggressive Profile II	Institutional Class	5
Great-West Aggressive Profile II	Initial Class	175
Great-West Aggressive Profile II	Class L	35
Great-West Aggressive Profile II	Institutional Class	5
Great-West Lifetime 2015 I	Class T	35
Great-West Lifetime 2015 I	Class T1	35
Great-West Lifetime 2015 I	Class L	5
Great-West Lifetime 2015 I	Institutional Class	5
Great-West Lifetime 2015 II	Class T	35
Great-West Lifetime 2015 II	Class T1	100
Great-West Lifetime 2015 II	Class L	23
Great-West Lifetime 2015 II	Institutional Class	5
Great-West Lifetime 2015 III	Class T	35
Great-West Lifetime 2015 III	Class T1	35
Great-West Lifetime 2015 III	Class L	5
Great-West Lifetime 2015 III	Institutional Class	5
Great-West Lifetime 2025 I	Class T	35
Great-West Lifetime 2025 I	Class T1	35
Great-West Lifetime 2025 I	Class L	5
Great-West Lifetime 2025 I	Institutional Class	5
Great-West Lifetime 2025 II	Class T	35

8

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Lifetime 2025 II	Class T1	120
Great-West Lifetime 2025 II	Class L	23
Great-West Lifetime 2025 II	Institutional Class	5
Great-West Lifetime 2025 III	Class T	35
Great-West Lifetime 2025 III	Class T1	35
Great-West Lifetime 2025 III	Class L	5
Great-West Lifetime 2025 III	Institutional Class	5
Great-West Lifetime 2035 I	Class T	35
Great-West Lifetime 2035 I	Class T1	35
Great-West Lifetime 2035 I	Class L	5
Great-West Lifetime 2035 I	Institutional Class	5
Great-West Lifetime 2035 II	Class T	35
Great-West Lifetime 2035 II	Class T1	100
Great-West Lifetime 2035 II	Class L	23
Great-West Lifetime 2035 II	Institutional Class	5
Great-West Lifetime 2035 III	Class T	35
Great-West Lifetime 2035 III	Class T1	35
Great-West Lifetime 2035 III	Class L	5
Great-West Lifetime 2035 III	Institutional Class	5
Great-West Lifetime 2045 I	Class T	35
Great-West Lifetime 2045 I	Class T1	35
Great-West Lifetime 2045 I	Class L	5
Great-West Lifetime 2045 I	Institutional Class	5
Great-West Lifetime 2045 II	Class T	35
Great-West Lifetime 2045 II	Class T1	50
Great-West Lifetime 2045 II	Class L	23
Great-West Lifetime 2045 II	Institutional Class	5
Great-West Lifetime 2045 III	Class T	35
Great-West Lifetime 2045 III	Class T1	35
Great-West Lifetime 2045 III	Class L	5
Great-West Lifetime 2045 III	Institutional Class	5
Great-West Lifetime 2055 I	Class T	35
Great-West Lifetime 2055 I	Class T1	35
Great-West Lifetime 2055 I	Class L	5
Great-West Lifetime 2055 I	Institutional Class	5
Great-West Lifetime 2055 II	Class T	35
Great-West Lifetime 2055 II	Class T1	35
Great-West Lifetime 2055 II	Class L	23
Great-West Lifetime 2055 II	Institutional Class	5
Great-West Lifetime 2055 III	Class T	35
Great-West Lifetime 2055 III	Class T1	35
Great-West Lifetime 2055 III	Class L	5
Great-West Lifetime 2055 III	Institutional Class	5
Great-West SecureFoundation® Balanced	Class G	30
Great-West SecureFoundation® Balanced	Class G1	30
Great-West SecureFoundation® Balanced	Class L	23
Great-West SecureFoundation® Balanced	Institutional Class	5
Great-West SecureFoundation® Balanced ETF	Class A	20
Great-West SecureFoundation® Lifetime 2015	Class G	30

9

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West SecureFoundation® Lifetime 2015	Class G1	30
Great-West SecureFoundation® Lifetime 2015	Class L	5
Great-West SecureFoundation® Lifetime 2015	Institutional Class	5
Great-West SecureFoundation® Lifetime 2020	Class G	10
Great-West SecureFoundation® Lifetime 2020	Class G1	5
Great-West SecureFoundation® Lifetime 2020	Class L	5
Great-West SecureFoundation® Lifetime 2020	Institutional Class	5
Great-West SecureFoundation® Lifetime 2025	Class G	30
Great-West SecureFoundation® Lifetime 2025	Class G1	30
Great-West SecureFoundation® Lifetime 2025	Class L	5
Great-West SecureFoundation® Lifetime 2025	Institutional Class	5
Great-West SecureFoundation® Lifetime 2030	Class G	10
Great-West SecureFoundation® Lifetime 2030	Class G1	5
Great-West SecureFoundation® Lifetime 2030	Class L	5
Great-West SecureFoundation® Lifetime 2030	Institutional Class	5
Great-West SecureFoundation® Lifetime 2035	Class G	30
Great-West SecureFoundation® Lifetime 2035	Class G1	30
Great-West SecureFoundation® Lifetime 2035	Class L	5
Great-West SecureFoundation® Lifetime 2035	Institutional Class	5
Great-West SecureFoundation® Lifetime 2040	Class G	10
Great-West SecureFoundation® Lifetime 2040	Class G1	5
Great-West SecureFoundation® Lifetime 2040	Class L	5
Great-West SecureFoundation® Lifetime 2040	Institutional Class	5
Great-West SecureFoundation® Lifetime 2045	Class G	30
Great-West SecureFoundation® Lifetime 2045	Class G1	30
Great-West SecureFoundation® Lifetime 2045	Class L	5
Great-West SecureFoundation® Lifetime 2045	Institutional Class	5
Great-West SecureFoundation® Lifetime 2050	Class G	5
Great-West SecureFoundation® Lifetime 2050	Class G1	5
Great-West SecureFoundation® Lifetime 2050	Class L	5
Great-West SecureFoundation® Lifetime 2050	Institutional Class	5
Great-West SecureFoundation® Lifetime 2055	Class G	30
Great-West SecureFoundation® Lifetime 2055	Class G1	30
Great-West SecureFoundation® Lifetime 2055	Class L	5
Great-West SecureFoundation® Lifetime 2055	Institutional Class	5
Unclassified Capital Stock:		564.5
Total:		11,000

FOURTH: The Corporation is registered as an open-end company under the Investment Company of 1940.

FIFTH: These Articles Supplementary shall be effective on December 17, 2015.

IN WITNESS WHEREOF, the Corporation has caused these Articles Supplementary to be signed, and witnessed, in its name and on its behalf by its undersigned officers who acknowledge that these Articles Supplementary are the act of the Corporation; that to the best of their knowledge, information and belief, all matters and facts set forth herein relating to the authorization and approval of

10

these Articles Supplementary are true in all material respects; and that this statement is made under the penalties of perjury.

GREAT-WEST FUNDS, INC.
By:	/s/ Edmund F. Murphy III
Name:	Edmund F. Murphy III
Title:	President and Chief Executive Officer

ATTEST:
By:	/s/ Ryan L. Logsdon
Name:	Ryan L. Logsdon
Title:	Assistant Vice President, Counsel & Secretary

11

GREAT-WEST FUNDS, INC.

ARTICLES SUPPLEMENTARY

Great-West Funds, Inc., a Maryland corporation registered as an open-end investment company under the Investment Company Act of 1940, as amended (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of Maryland that:

FIRST:   On December 17, 2015 the Board of Directors of the Corporation, pursuant to the authority contained in the Corporation’s charter, and in accordance with Section 2-105(c) of the Maryland General Corporation Law, unanimously adopted resolutions approving the 1) decrease in the number of shares of stock of the Great-West Small Cap Growth Fund that the Corporation shall have the authority to issue from one hundred eighty-five million (185,000,000) shares to zero (0) shares and 2) the decrease in the number of shares of stock of the Great-West American Century Growth Fund that the Corporation shall have the authority to issue from two hundred ten million (210,000,000) shares to zero (0) shares.

SECOND:     In accordance with procedures established in the Corporation’s Articles of Amendment and Restatement and pursuant to Section 2-208 of Maryland General Corporate Law, the Board of Directors of the Corporation duly reclassifies three hundred ninety-five million (395,000,000) shares of the authorized common stock of the Corporation as unclassified.

THIRD: The shares of the Corporation reclassified pursuant to Articles Second of these Articles Supplementary have been so classified by the Board of Directors under the authority contained in the Articles of Amendment and Restatement of the Corporation.

FOURTH:         Immediately prior to the effectiveness of these Articles Supplementary of the Corporation, the Corporation had the authority to issue eleven billion (11,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of eleven million dollars ($11,000,000), of which the Board of Directors had designated 10,435,500,000 shares into portfolios and classes and classified the shares of each portfolio and class as follows:

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Money Market	Initial Class	1,250
Great-West Money Market	Institutional Class	150
Great-West Stock Index	Initial Class	70
Great-West Stock Index	Class L	5
Great-West Stock Index	Institutional Class	5
Great-West Bond Index	Initial Class	85
Great-West Bond Index	Class L	10
Great-West Bond Index	Institutional Class	150
Great-West U.S. Government Mortgage Securities	Initial Class	75
Great-West U.S. Government Mortgage Securities	Class L	5
Great-West U.S. Government Mortgage Securities	Institutional Class	150
Great-West S&P Small Cap 600® Index	Initial Class	90
Great-West S&P Small Cap 600® Index	Class L	5
Great-West S&P Small Cap 600® Index	Institutional Class	150
Great-West Putnam High Yield Bond	Initial Class	20
Great-West Putnam High Yield Bond	Class L	5
Great-West Putnam High Yield Bond	Institutional Class	150
Great-West Multi-Manager Large Cap Growth	Initial Class	50
Great-West Multi-Manager Large Cap Growth	Class L	5
Great-West Multi-Manager Large Cap Growth	Institutional Class	150

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West MFS International Growth	Initial Class	20
Great-West MFS International Growth	Class L	5
Great-West MFS International Growth	Institutional Class	150
Great-West Federated Bond	Initial Class	20
Great-West Federated Bond	Class L	5
Great-West Federated Bond	Institutional Class	150
Great-West MFS International Value	Initial Class	65
Great-West MFS International Value	Class L	5
Great-West MFS International Value	Institutional Class	150
Great-West S&P 500® Index	Initial Class	140
Great-West S&P 500® Index	Class L	10
Great-West S&P 500® Index	Institutional Class	150
Great-West Goldman Sachs Mid Cap Value	Initial Class	45
Great-West Goldman Sachs Mid Cap Value	Class L	5
Great-West Goldman Sachs Mid Cap Value	Institutional Class	150
Great-West Invesco Small Cap Value	Initial Class	20
Great-West Invesco Small Cap Value	Class L	5
Great-West Invesco Small Cap Value	Institutional Class	150
Great-West Ariel Mid Cap Value	Initial Class	200
Great-West Ariel Mid Cap Value	Class L	5
Great-West Ariel Mid Cap Value	Institutional Class	150
Great-West Loomis Sayles Small Cap Value	Initial Class	50
Great-West Loomis Sayles Small Cap Value	Class L	5
Great-West Loomis Sayles Small Cap Value	Institutional Class	150
Great-West Loomis Sayles Bond	Initial Class	80
Great-West Loomis Sayles Bond	Class L	5
Great-West Loomis Sayles Bond	Institutional Class	150
Great-West T. Rowe Price Equity Income	Initial Class	100
Great-West T. Rowe Price Equity Income	Class L	5
Great-West T. Rowe Price Equity Income	Institutional Class	150
Great-West Small Cap Growth	Initial Class	30
Great-West Small Cap Growth	Class L	5
Great-West Small Cap Growth	Institutional Class	150
Great-West Short Duration Bond	Initial Class	75
Great-West Short Duration Bond	Class L	5
Great-West Short Duration Bond	Institutional Class	150
Great-West T. Rowe Price Mid Cap Growth	Initial Class	100
Great-West T. Rowe Price Mid Cap Growth	Class L	5
Great-West T. Rowe Price Mid Cap Growth	Institutional Class	150
Great-West Templeton Global Bond	Initial Class	70
Great-West Templeton Global Bond	Class L	5
Great-West Templeton Global Bond	Institutional Class	150
Great-West S&P Mid Cap 400® Index	Initial Class	27.5
Great-West S&P Mid Cap 400® Index	Class L	5
Great-West S&P Mid Cap 400® Index	Institutional Class	150
Great-West International Index	Initial Class	30
Great-West International Index	Class L	5
Great-West International Index	Institutional Class	150
Great-West Putnam Equity Income	Initial Class	35

2

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Putnam Equity Income	Class L	5
Great-West Putnam Equity Income	Institutional Class	150
Great-West American Century Growth	Initial Class	55
Great-West American Century Growth	Class L	5
Great-West American Century Growth	Institutional Class	150
Great-West Real Estate Index	Initial Class	10
Great-West Real Estate Index	Class L	5
Great-West Real Estate Index	Institutional Class	150
Great-West Multi-Manager Small Cap Growth	Initial Class	30
Great-West Multi-Manager Small Cap Growth	Class L	5
Great-West Multi-Manager Small Cap Growth	Institutional Class	150
Great-West Conservative Profile I	Initial Class	100
Great-West Conservative Profile I	Class L	5
Great-West Conservative Profile I	Institutional Class	5
Great-West Moderately Conservative Profile I	Initial Class	100
Great-West Moderately Conservative Profile I	Class L	5
Great-West Moderately Conservative Profile I	Institutional Class	5
Great-West Moderate Profile I	Initial Class	100
Great-West Moderate Profile I	Class L	5
Great-West Moderate Profile I	Institutional Class	5
Great-West Moderately Aggressive Profile I	Initial Class	100
Great-West Moderately Aggressive Profile I	Class L	5
Great-West Moderately Aggressive Profile I	Institutional Class	5
Great-West Aggressive Profile I	Initial Class	100
Great-West Aggressive Profile I	Class L	5
Great-West Aggressive Profile I	Institutional Class	5
Great-West Conservative Profile II	Initial Class	100
Great-West Conservative Profile II	Class L	35
Great-West Conservative Profile II	Institutional Class	5
Great-West Moderately Conservative Profile II	Initial Class	100
Great-West Moderately Conservative Profile II	Class L	35
Great-West Moderately Conservative Profile II	Institutional Class	5
Great-West Moderate Profile II	Initial Class	250
Great-West Moderate Profile II	Class L	35
Great-West Moderate Profile II	Institutional Class	5
Great-West Moderately Aggressive Profile II	Initial Class	100
Great-West Moderately Aggressive Profile II	Class L	35
Great-West Moderately Aggressive Profile II	Institutional Class	5
Great-West Aggressive Profile II	Initial Class	175
Great-West Aggressive Profile II	Class L	35
Great-West Aggressive Profile II	Institutional Class	5
Great-West Lifetime 2015 I	Class T	35
Great-West Lifetime 2015 I	Class T1	35
Great-West Lifetime 2015 I	Class L	5
Great-West Lifetime 2015 I	Institutional Class	5
Great-West Lifetime 2015 II	Class T	35
Great-West Lifetime 2015 II	Class T1	100
Great-West Lifetime 2015 II	Class L	23
Great-West Lifetime 2015 II	Institutional Class	5

3

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Lifetime 2015 III	Class T	35
Great-West Lifetime 2015 III	Class T1	35
Great-West Lifetime 2015 III	Class L	5
Great-West Lifetime 2015 III	Institutional Class	5
Great-West Lifetime 2025 I	Class T	35
Great-West Lifetime 2025 I	Class T1	35
Great-West Lifetime 2025 I	Class L	5
Great-West Lifetime 2025 I	Institutional Class	5
Great-West Lifetime 2025 II	Class T	35
Great-West Lifetime 2025 II	Class T1	120
Great-West Lifetime 2025 II	Class L	23
Great-West Lifetime 2025 II	Institutional Class	5
Great-West Lifetime 2025 III	Class T	35
Great-West Lifetime 2025 III	Class T1	35
Great-West Lifetime 2025 III	Class L	5
Great-West Lifetime 2025 III	Institutional Class	5
Great-West Lifetime 2035 I	Class T	35
Great-West Lifetime 2035 I	Class T1	35
Great-West Lifetime 2035 I	Class L	5
Great-West Lifetime 2035 I	Institutional Class	5
Great-West Lifetime 2035 II	Class T	35
Great-West Lifetime 2035 II	Class T1	100
Great-West Lifetime 2035 II	Class L	23
Great-West Lifetime 2035 II	Institutional Class	5
Great-West Lifetime 2035 III	Class T	35
Great-West Lifetime 2035 III	Class T1	35
Great-West Lifetime 2035 III	Class L	5
Great-West Lifetime 2035 III	Institutional Class	5
Great-West Lifetime 2045 I	Class T	35
Great-West Lifetime 2045 I	Class T1	35
Great-West Lifetime 2045 I	Class L	5
Great-West Lifetime 2045 I	Institutional Class	5
Great-West Lifetime 2045 II	Class T	35
Great-West Lifetime 2045 II	Class T1	50
Great-West Lifetime 2045 II	Class L	23
Great-West Lifetime 2045 II	Institutional Class	5
Great-West Lifetime 2045 III	Class T	35
Great-West Lifetime 2045 III	Class T1	35
Great-West Lifetime 2045 III	Class L	5
Great-West Lifetime 2045 III	Institutional Class	5
Great-West Lifetime 2055 I	Class T	35
Great-West Lifetime 2055 I	Class T1	35
Great-West Lifetime 2055 I	Class L	5
Great-West Lifetime 2055 I	Institutional Class	5
Great-West Lifetime 2055 II	Class T	35
Great-West Lifetime 2055 II	Class T1	35
Great-West Lifetime 2055 II	Class L	23
Great-West Lifetime 2055 II	Institutional Class	5
Great-West Lifetime 2055 III	Class T	35

4

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Lifetime 2055 III	Class T1	35
Great-West Lifetime 2055 III	Class L	5
Great-West Lifetime 2055 III	Institutional Class	5
Great-West SecureFoundation® Balanced	Class G	30
Great-West SecureFoundation® Balanced	Class G1	30
Great-West SecureFoundation® Balanced	Class L	23
Great-West SecureFoundation® Balanced	Institutional Class	5
Great-West SecureFoundation® Balanced ETF	Class A	20
Great-West SecureFoundation® Lifetime 2015	Class G	30
Great-West SecureFoundation® Lifetime 2015	Class G1	30
Great-West SecureFoundation® Lifetime 2015	Class L	5
Great-West SecureFoundation® Lifetime 2015	Institutional Class	5
Great-West SecureFoundation® Lifetime 2020	Class G	10
Great-West SecureFoundation® Lifetime 2020	Class G1	5
Great-West SecureFoundation® Lifetime 2020	Class L	5
Great-West SecureFoundation® Lifetime 2020	Institutional Class	5
Great-West SecureFoundation® Lifetime 2025	Class G	30
Great-West SecureFoundation® Lifetime 2025	Class G1	30
Great-West SecureFoundation® Lifetime 2025	Class L	5
Great-West SecureFoundation® Lifetime 2025	Institutional Class	5
Great-West SecureFoundation® Lifetime 2030	Class G	10
Great-West SecureFoundation® Lifetime 2030	Class G1	5
Great-West SecureFoundation® Lifetime 2030	Class L	5
Great-West SecureFoundation® Lifetime 2030	Institutional Class	5
Great-West SecureFoundation® Lifetime 2035	Class G	30
Great-West SecureFoundation® Lifetime 2035	Class G1	30
Great-West SecureFoundation® Lifetime 2035	Class L	5
Great-West SecureFoundation® Lifetime 2035	Institutional Class	5
Great-West SecureFoundation® Lifetime 2040	Class G	10
Great-West SecureFoundation® Lifetime 2040	Class G1	5
Great-West SecureFoundation® Lifetime 2040	Class L	5
Great-West SecureFoundation® Lifetime 2040	Institutional Class	5
Great-West SecureFoundation® Lifetime 2045	Class G	30
Great-West SecureFoundation® Lifetime 2045	Class G1	30
Great-West SecureFoundation® Lifetime 2045	Class L	5
Great-West SecureFoundation® Lifetime 2045	Institutional Class	5
Great-West SecureFoundation® Lifetime 2050	Class G	5
Great-West SecureFoundation® Lifetime 2050	Class G1	5
Great-West SecureFoundation® Lifetime 2050	Class L	5
Great-West SecureFoundation® Lifetime 2050	Institutional Class	5
Great-West SecureFoundation® Lifetime 2055	Class G	30
Great-West SecureFoundation® Lifetime 2055	Class G1	30
Great-West SecureFoundation® Lifetime 2055	Class L	5
Great-West SecureFoundation® Lifetime 2055	Institutional Class	5
Unclassified Capital Stock:		564.5
Total:		11,000

5

As supplemented hereby, the Corporation’s Articles of Amendment and Restatement authorize the issuance of eleven billion (11,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of eleven million dollars ($11,000,000), classified as follows:

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Money Market	Initial Class	1,250
Great-West Money Market	Institutional Class	150
Great-West Stock Index	Initial Class	70
Great-West Stock Index	Class L	5
Great-West Stock Index	Institutional Class	5
Great-West Bond Index	Initial Class	85
Great-West Bond Index	Class L	10
Great-West Bond Index	Institutional Class	150
Great-West U.S. Government Mortgage Securities	Initial Class	75
Great-West U.S. Government Mortgage Securities	Class L	5
Great-West U.S. Government Mortgage Securities	Institutional Class	150
Great-West S&P Small Cap 600® Index	Initial Class	90
Great-West S&P Small Cap 600® Index	Class L	5
Great-West S&P Small Cap 600® Index	Institutional Class	150
Great-West Putnam High Yield Bond	Initial Class	20
Great-West Putnam High Yield Bond	Class L	5
Great-West Putnam High Yield Bond	Institutional Class	150
Great-West Multi-Manager Large Cap Growth	Initial Class	50
Great-West Multi-Manager Large Cap Growth	Class L	5
Great-West Multi-Manager Large Cap Growth	Institutional Class	150
Great-West MFS International Growth	Initial Class	20
Great-West MFS International Growth	Class L	5
Great-West MFS International Growth	Institutional Class	150
Great-West Federated Bond	Initial Class	20
Great-West Federated Bond	Class L	5
Great-West Federated Bond	Institutional Class	150
Great-West MFS International Value	Initial Class	65
Great-West MFS International Value	Class L	5
Great-West MFS International Value	Institutional Class	150
Great-West S&P 500® Index	Initial Class	140
Great-West S&P 500® Index	Class L	10
Great-West S&P 500® Index	Institutional Class	150
Great-West Goldman Sachs Mid Cap Value	Initial Class	45
Great-West Goldman Sachs Mid Cap Value	Class L	5
Great-West Goldman Sachs Mid Cap Value	Institutional Class	150
Great-West Invesco Small Cap Value	Initial Class	20
Great-West Invesco Small Cap Value	Class L	5
Great-West Invesco Small Cap Value	Institutional Class	150
Great-West Ariel Mid Cap Value	Initial Class	200
Great-West Ariel Mid Cap Value	Class L	5
Great-West Ariel Mid Cap Value	Institutional Class	150
Great-West Loomis Sayles Small Cap Value	Initial Class	50
Great-West Loomis Sayles Small Cap Value	Class L	5
Great-West Loomis Sayles Small Cap Value	Institutional Class	150
Great-West Loomis Sayles Bond	Initial Class	80

6

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Loomis Sayles Bond	Class L	5
Great-West Loomis Sayles Bond	Institutional Class	150
Great-West T. Rowe Price Equity Income	Initial Class	100
Great-West T. Rowe Price Equity Income	Class L	5
Great-West T. Rowe Price Equity Income	Institutional Class	150
Great-West Short Duration Bond	Initial Class	75
Great-West Short Duration Bond	Class L	5
Great-West Short Duration Bond	Institutional Class	150
Great-West T. Rowe Price Mid Cap Growth	Initial Class	100
Great-West T. Rowe Price Mid Cap Growth	Class L	5
Great-West T. Rowe Price Mid Cap Growth	Institutional Class	150
Great-West Templeton Global Bond	Initial Class	70
Great-West Templeton Global Bond	Class L	5
Great-West Templeton Global Bond	Institutional Class	150
Great-West S&P Mid Cap 400® Index	Initial Class	27.5
Great-West S&P Mid Cap 400® Index	Class L	5
Great-West S&P Mid Cap 400® Index	Institutional Class	150
Great-West International Index	Initial Class	30
Great-West International Index	Class L	5
Great-West International Index	Institutional Class	150
Great-West Putnam Equity Income	Initial Class	35
Great-West Putnam Equity Income	Class L	5
Great-West Putnam Equity Income	Institutional Class	150
Great-West Real Estate Index	Initial Class	10
Great-West Real Estate Index	Class L	5
Great-West Real Estate Index	Institutional Class	150
Great-West Multi-Manager Small Cap Growth	Initial Class	30
Great-West Multi-Manager Small Cap Growth	Class L	5
Great-West Multi-Manager Small Cap Growth	Institutional Class	150
Great-West Conservative Profile I	Initial Class	100
Great-West Conservative Profile I	Class L	5
Great-West Conservative Profile I	Institutional Class	5
Great-West Moderately Conservative Profile I	Initial Class	100
Great-West Moderately Conservative Profile I	Class L	5
Great-West Moderately Conservative Profile I	Institutional Class	5
Great-West Moderate Profile I	Initial Class	100
Great-West Moderate Profile I	Class L	5
Great-West Moderate Profile I	Institutional Class	5
Great-West Moderately Aggressive Profile I	Initial Class	100
Great-West Moderately Aggressive Profile I	Class L	5
Great-West Moderately Aggressive Profile I	Institutional Class	5
Great-West Aggressive Profile I	Initial Class	100
Great-West Aggressive Profile I	Class L	5
Great-West Aggressive Profile I	Institutional Class	5
Great-West Conservative Profile II	Initial Class	100
Great-West Conservative Profile II	Class L	35
Great-West Conservative Profile II	Institutional Class	5
Great-West Moderately Conservative Profile II	Initial Class	100
Great-West Moderately Conservative Profile II	Class L	35

7

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Moderately Conservative Profile II	Institutional Class	5
Great-West Moderate Profile II	Initial Class	250
Great-West Moderate Profile II	Class L	35
Great-West Moderate Profile II	Institutional Class	5
Great-West Moderately Aggressive Profile II	Initial Class	100
Great-West Moderately Aggressive Profile II	Class L	35
Great-West Moderately Aggressive Profile II	Institutional Class	5
Great-West Aggressive Profile II	Initial Class	175
Great-West Aggressive Profile II	Class L	35
Great-West Aggressive Profile II	Institutional Class	5
Great-West Lifetime 2015 I	Class T	35
Great-West Lifetime 2015 I	Class T1	35
Great-West Lifetime 2015 I	Class L	5
Great-West Lifetime 2015 I	Institutional Class	5
Great-West Lifetime 2015 II	Class T	35
Great-West Lifetime 2015 II	Class T1	100
Great-West Lifetime 2015 II	Class L	23
Great-West Lifetime 2015 II	Institutional Class	5
Great-West Lifetime 2015 III	Class T	35
Great-West Lifetime 2015 III	Class T1	35
Great-West Lifetime 2015 III	Class L	5
Great-West Lifetime 2015 III	Institutional Class	5
Great-West Lifetime 2025 I	Class T	35
Great-West Lifetime 2025 I	Class T1	35
Great-West Lifetime 2025 I	Class L	5
Great-West Lifetime 2025 I	Institutional Class	5
Great-West Lifetime 2025 II	Class T	35
Great-West Lifetime 2025 II	Class T1	120
Great-West Lifetime 2025 II	Class L	23
Great-West Lifetime 2025 II	Institutional Class	5
Great-West Lifetime 2025 III	Class T	35
Great-West Lifetime 2025 III	Class T1	35
Great-West Lifetime 2025 III	Class L	5
Great-West Lifetime 2025 III	Institutional Class	5
Great-West Lifetime 2035 I	Class T	35
Great-West Lifetime 2035 I	Class T1	35
Great-West Lifetime 2035 I	Class L	5
Great-West Lifetime 2035 I	Institutional Class	5
Great-West Lifetime 2035 II	Class T	35
Great-West Lifetime 2035 II	Class T1	100
Great-West Lifetime 2035 II	Class L	23
Great-West Lifetime 2035 II	Institutional Class	5
Great-West Lifetime 2035 III	Class T	35
Great-West Lifetime 2035 III	Class T1	35
Great-West Lifetime 2035 III	Class L	5
Great-West Lifetime 2035 III	Institutional Class	5
Great-West Lifetime 2045 I	Class T	35
Great-West Lifetime 2045 I	Class T1	35
Great-West Lifetime 2045 I	Class L	5

8

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Lifetime 2045 I	Institutional Class	5
Great-West Lifetime 2045 II	Class T	35
Great-West Lifetime 2045 II	Class T1	50
Great-West Lifetime 2045 II	Class L	23
Great-West Lifetime 2045 II	Institutional Class	5
Great-West Lifetime 2045 III	Class T	35
Great-West Lifetime 2045 III	Class T1	35
Great-West Lifetime 2045 III	Class L	5
Great-West Lifetime 2045 III	Institutional Class	5
Great-West Lifetime 2055 I	Class T	35
Great-West Lifetime 2055 I	Class T1	35
Great-West Lifetime 2055 I	Class L	5
Great-West Lifetime 2055 I	Institutional Class	5
Great-West Lifetime 2055 II	Class T	35
Great-West Lifetime 2055 II	Class T1	35
Great-West Lifetime 2055 II	Class L	23
Great-West Lifetime 2055 II	Institutional Class	5
Great-West Lifetime 2055 III	Class T	35
Great-West Lifetime 2055 III	Class T1	35
Great-West Lifetime 2055 III	Class L	5
Great-West Lifetime 2055 III	Institutional Class	5
Great-West SecureFoundation® Balanced	Class G	30
Great-West SecureFoundation® Balanced	Class G1	30
Great-West SecureFoundation® Balanced	Class L	23
Great-West SecureFoundation® Balanced	Institutional Class	5
Great-West SecureFoundation® Balanced ETF	Class A	20
Great-West SecureFoundation® Lifetime 2015	Class G	30
Great-West SecureFoundation® Lifetime 2015	Class G1	30
Great-West SecureFoundation® Lifetime 2015	Class L	5
Great-West SecureFoundation® Lifetime 2015	Institutional Class	5
Great-West SecureFoundation® Lifetime 2020	Class G	10
Great-West SecureFoundation® Lifetime 2020	Class G1	5
Great-West SecureFoundation® Lifetime 2020	Class L	5
Great-West SecureFoundation® Lifetime 2020	Institutional Class	5
Great-West SecureFoundation® Lifetime 2025	Class G	30
Great-West SecureFoundation® Lifetime 2025	Class G1	30
Great-West SecureFoundation® Lifetime 2025	Class L	5
Great-West SecureFoundation® Lifetime 2025	Institutional Class	5
Great-West SecureFoundation® Lifetime 2030	Class G	10
Great-West SecureFoundation® Lifetime 2030	Class G1	5
Great-West SecureFoundation® Lifetime 2030	Class L	5
Great-West SecureFoundation® Lifetime 2030	Institutional Class	5
Great-West SecureFoundation® Lifetime 2035	Class G	30
Great-West SecureFoundation® Lifetime 2035	Class G1	30
Great-West SecureFoundation® Lifetime 2035	Class L	5
Great-West SecureFoundation® Lifetime 2035	Institutional Class	5
Great-West SecureFoundation® Lifetime 2040	Class G	10
Great-West SecureFoundation® Lifetime 2040	Class G1	5
Great-West SecureFoundation® Lifetime 2040	Class L	5

9

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West SecureFoundation® Lifetime 2040	Institutional Class	5
Great-West SecureFoundation® Lifetime 2045	Class G	30
Great-West SecureFoundation® Lifetime 2045	Class G1	30
Great-West SecureFoundation® Lifetime 2045	Class L	5
Great-West SecureFoundation® Lifetime 2045	Institutional Class	5
Great-West SecureFoundation® Lifetime 2050	Class G	5
Great-West SecureFoundation® Lifetime 2050	Class G1	5
Great-West SecureFoundation® Lifetime 2050	Class L	5
Great-West SecureFoundation® Lifetime 2050	Institutional Class	5
Great-West SecureFoundation® Lifetime 2055	Class G	30
Great-West SecureFoundation® Lifetime 2055	Class G1	30
Great-West SecureFoundation® Lifetime 2055	Class L	5
Great-West SecureFoundation® Lifetime 2055	Institutional Class	5
Unclassified Capital Stock:		959.5
Total:		11,000

FIFTH: The Corporation is registered as an open-end company under the Investment Company of 1940.

SIXTH: These Articles Supplementary shall be effective on April 12, 2016.

IN WITNESS WHEREOF, the Corporation has caused these Articles Supplementary to be signed, and witnessed, in its name and on its behalf by its undersigned officers who acknowledge that these Articles Supplementary are the act of the Corporation; that to the best of their knowledge, information and belief, all matters and facts set forth herein relating to the authorization and approval of these Articles Supplementary are true in all material respects; and that this statement is made under the penalties of perjury.

GREAT-WEST FUNDS, INC.
By:	/s/ Edmund F. Murphy III
Name:	Edmund F. Murphy III
Title:	President and Chief Executive Officer

ATTEST:

By:	/s/ Ryan L. Logsdon
Name:	Ryan L. Logsdon
Title:	Assistant Vice President, Counsel & Secretary

10

GREAT-WEST FUNDS, INC.

ARTICLES SUPPLEMENTARY

Great-West Funds, Inc., a Maryland corporation registered as an open-end investment company under the Investment Company Act of 1940, as amended (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of Maryland that:

FIRST: On February 9, 2016 the Board of Directors of the Corporation, pursuant to the authority contained in the Corporation’s charter, and in accordance with Section 2-105(c) of the Maryland General Corporation Law, unanimously adopted resolutions approving:

1. The establishment of eight series of capital stock of the Corporation, each representing interests in a separate investment portfolio, and the creation of four new classes of shares, with a par value of Ten Cents ($.10) per share, of each such series to be designated as follows:

Series/Portfolio	Class
Great-West Lifetime 2020 I	Class T
Great-West Lifetime 2020 I	Class T1
Great-West Lifetime 2020 I	Class L
Great-West Lifetime 2020 I	Institutional Class
Great-West Lifetime 2020 III	Class T
Great-West Lifetime 2020 III	Class T1
Great-West Lifetime 2020 III	Class L
Great-West Lifetime 2020 III	Institutional Class
Great-West Lifetime 2030 I	Class T
Great-West Lifetime 2030 I	Class T1
Great-West Lifetime 2030 I	Class L
Great-West Lifetime 2030 I	Institutional Class
Great-West Lifetime 2030 III	Class T
Great-West Lifetime 2030 III	Class T1
Great-West Lifetime 2030 III	Class L
Great-West Lifetime 2030 III	Institutional Class
Great-West Lifetime 2040 I	Class T
Great-West Lifetime 2040 I	Class T1
Great-West Lifetime 2040 I	Class L
Great-West Lifetime 2040 I	Institutional Class
Great-West Lifetime 2040 III	Class T
Great-West Lifetime 2040 III	Class T1
Great-West Lifetime 2040 III	Class L
Great-West Lifetime 2040 III	Institutional Class
Great-West Lifetime 2050 I	Class T
Great-West Lifetime 2050 I	Class T1
Great-West Lifetime 2050 I	Class L
Great-West Lifetime 2050 I	Institutional Class
Great-West Lifetime 2050 III	Class T
Great-West Lifetime 2050 III	Class T1
Great-West Lifetime 2050 III	Class L
Great-West Lifetime 2050 III	Institutional Class

2. The classification of Six Hundred Forty Million (640,000,000) shares of the Corporation’s authorized but unissued stock to be allocated among the aforementioned new classes of capital stock as hereinafter set forth.

3. The re-classification of the following shares of previously classified but unissued shares of Common Stock of the Corporation as follows:

Previously Classified Shares (expressed in millions)	Re-Classified Shares (expressed in millions
Great-West Lifetime 2015 II Class T – 35	Great-West Lifetime 2015 III Class T – 70
Great-West Lifetime 2015 II Class T1 – 100	Great-West Lifetime 2015 III Class T1 – 135
Great-West Lifetime 2015 II Class L – 23	Great-West Lifetime 2015 III Class L – 28
Great-West Lifetime 2015 II Institutional Class – 5	Great-West Lifetime 2015 III Institutional Class – 10
Great-West Lifetime 2025 II Class T – 35	Great-West Lifetime 2025 III Class T – 70
Great-West Lifetime 2025 II Class T1 – 120	Great-West Lifetime 2025 III Class T1 – 155
Great-West Lifetime 2025 II Class L – 23	Great-West Lifetime 2025 III Class L - 28
Great-West Lifetime 2025 II Institutional Class – 5	Great-West Lifetime 2025 III Institutional Class – 10
Great-West Lifetime 2035 II Class T – 35	Great-West Lifetime 2035 III Class T – 70
Great-West Lifetime 2035 II Class T1 – 100	Great-West Lifetime 2035 III Class T1 – 135
Great-West Lifetime 2035 II Class L – 23	Great-West Lifetime 2035 III Class L – 28
Great-West Lifetime 2035 II Institutional Class – 5	Great-West Lifetime 2035 III Institutional Class – 10
Great-West Lifetime 2045 II Class T – 35	Great-West Lifetime 2045 III Class T – 70
Great-West Lifetime 2045 II Class T1 – 50	Great-West Lifetime 2045 III Class T1 - 85
Great-West Lifetime 2045 II Class L – 23	Great-West Lifetime 2045 III Class L - 28
Great-West Lifetime 2045 II Institutional Class – 5	Great-West Lifetime 2045 III Institutional Class - 10
Great-West Lifetime 2055 II Class T – 35	Great-West Lifetime 2055 III Class T – 70
Great-West Lifetime 2055 II Class T1 – 35	Great-West Lifetime 2055 III Class T1 – 70
Great-West Lifetime 2055 II Class L – 23	Great-West Lifetime 2055 III Class L – 28
Great-West Lifetime 2055 II Institutional Class – 5	Great-West Lifetime 2055 III Institutional Class – 10

SECOND:   The shares of the Corporation reclassified pursuant to Articles Second of these Articles Supplementary have been so classified by the Board of Directors under the authority contained in the Articles of Amendment and Restatement of the Corporation.

THIRD: Immediately prior to the effectiveness of these Articles Supplementary of the Corporation, the Corporation had the authority to issue eleven billion (11,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of eleven million dollars ($11,000,000), of which the Board of Directors had designated 10,040,500,000 shares into portfolios and classes and classified the shares of each portfolio and class as follows:

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Money Market	Initial Class	1,250
Great-West Money Market	Institutional Class	150
Great-West Stock Index	Initial Class	70
Great-West Stock Index	Class L	5

2

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Stock Index	Institutional Class	5
Great-West Bond Index	Initial Class	85
Great-West Bond Index	Class L	10
Great-West Bond Index	Institutional Class	150
Great-West U.S. Government Mortgage Securities	Initial Class	75
Great-West U.S. Government Mortgage Securities	Class L	5
Great-West U.S. Government Mortgage Securities	Institutional Class	150
Great-West S&P Small Cap 600® Index	Initial Class	90
Great-West S&P Small Cap 600® Index	Class L	5
Great-West S&P Small Cap 600® Index	Institutional Class	150
Great-West Putnam High Yield Bond	Initial Class	20
Great-West Putnam High Yield Bond	Class L	5
Great-West Putnam High Yield Bond	Institutional Class	150
Great-West Multi-Manager Large Cap Growth	Initial Class	50
Great-West Multi-Manager Large Cap Growth	Class L	5
Great-West Multi-Manager Large Cap Growth	Institutional Class	150
Great-West MFS International Growth	Initial Class	20
Great-West MFS International Growth	Class L	5
Great-West MFS International Growth	Institutional Class	150
Great-West Federated Bond	Initial Class	20
Great-West Federated Bond	Class L	5
Great-West Federated Bond	Institutional Class	150
Great-West MFS International Value	Initial Class	65
Great-West MFS International Value	Class L	5
Great-West MFS International Value	Institutional Class	150
Great-West S&P 500® Index	Initial Class	140
Great-West S&P 500® Index	Class L	10
Great-West S&P 500® Index	Institutional Class	150
Great-West Goldman Sachs Mid Cap Value	Initial Class	45
Great-West Goldman Sachs Mid Cap Value	Class L	5
Great-West Goldman Sachs Mid Cap Value	Institutional Class	150
Great-West Invesco Small Cap Value	Initial Class	20
Great-West Invesco Small Cap Value	Class L	5
Great-West Invesco Small Cap Value	Institutional Class	150
Great-West Ariel Mid Cap Value	Initial Class	200
Great-West Ariel Mid Cap Value	Class L	5
Great-West Ariel Mid Cap Value	Institutional Class	150
Great-West Loomis Sayles Small Cap Value	Initial Class	50
Great-West Loomis Sayles Small Cap Value	Class L	5
Great-West Loomis Sayles Small Cap Value	Institutional Class	150
Great-West Loomis Sayles Bond	Initial Class	80
Great-West Loomis Sayles Bond	Class L	5
Great-West Loomis Sayles Bond	Institutional Class	150
Great-West T. Rowe Price Equity Income	Initial Class	100
Great-West T. Rowe Price Equity Income	Class L	5
Great-West T. Rowe Price Equity Income	Institutional Class	150
Great-West Short Duration Bond	Initial Class	75
Great-West Short Duration Bond	Class L	5
Great-West Short Duration Bond	Institutional Class	150

3

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West T. Rowe Price Mid Cap Growth	Initial Class	100
Great-West T. Rowe Price Mid Cap Growth	Class L	5
Great-West T. Rowe Price Mid Cap Growth	Institutional Class	150
Great-West Templeton Global Bond	Initial Class	70
Great-West Templeton Global Bond	Class L	5
Great-West Templeton Global Bond	Institutional Class	150
Great-West S&P Mid Cap 400® Index	Initial Class	27.5
Great-West S&P Mid Cap 400® Index	Class L	5
Great-West S&P Mid Cap 400® Index	Institutional Class	150
Great-West International Index	Initial Class	30
Great-West International Index	Class L	5
Great-West International Index	Institutional Class	150
Great-West Putnam Equity Income	Initial Class	35
Great-West Putnam Equity Income	Class L	5
Great-West Putnam Equity Income	Institutional Class	150
Great-West Real Estate Index	Initial Class	10
Great-West Real Estate Index	Class L	5
Great-West Real Estate Index	Institutional Class	150
Great-West Multi-Manager Small Cap Growth	Initial Class	30
Great-West Multi-Manager Small Cap Growth	Class L	5
Great-West Multi-Manager Small Cap Growth	Institutional Class	150
Great-West Conservative Profile I	Initial Class	100
Great-West Conservative Profile I	Class L	5
Great-West Conservative Profile I	Institutional Class	5
Great-West Moderately Conservative Profile I	Initial Class	100
Great-West Moderately Conservative Profile I	Class L	5
Great-West Moderately Conservative Profile I	Institutional Class	5
Great-West Moderate Profile I	Initial Class	100
Great-West Moderate Profile I	Class L	5
Great-West Moderate Profile I	Institutional Class	5
Great-West Moderately Aggressive Profile I	Initial Class	100
Great-West Moderately Aggressive Profile I	Class L	5
Great-West Moderately Aggressive Profile I	Institutional Class	5
Great-West Aggressive Profile I	Initial Class	100
Great-West Aggressive Profile I	Class L	5
Great-West Aggressive Profile I	Institutional Class	5
Great-West Conservative Profile II	Initial Class	100
Great-West Conservative Profile II	Class L	35
Great-West Conservative Profile II	Institutional Class	5
Great-West Moderately Conservative Profile II	Initial Class	100
Great-West Moderately Conservative Profile II	Class L	35
Great-West Moderately Conservative Profile II	Institutional Class	5
Great-West Moderate Profile II	Initial Class	250
Great-West Moderate Profile II	Class L	35
Great-West Moderate Profile II	Institutional Class	5
Great-West Moderately Aggressive Profile II	Initial Class	100
Great-West Moderately Aggressive Profile II	Class L	35
Great-West Moderately Aggressive Profile II	Institutional Class	5
Great-West Aggressive Profile II	Initial Class	175

4

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Aggressive Profile II	Class L	35
Great-West Aggressive Profile II	Institutional Class	5
Great-West Lifetime 2015 I	Class T	35
Great-West Lifetime 2015 I	Class T1	35
Great-West Lifetime 2015 I	Class L	5
Great-West Lifetime 2015 I	Institutional Class	5
Great-West Lifetime 2015 II	Class T	35
Great-West Lifetime 2015 II	Class T1	100
Great-West Lifetime 2015 II	Class L	23
Great-West Lifetime 2015 II	Institutional Class	5
Great-West Lifetime 2015 III	Class T	35
Great-West Lifetime 2015 III	Class T1	35
Great-West Lifetime 2015 III	Class L	5
Great-West Lifetime 2015 III	Institutional Class	5
Great-West Lifetime 2025 I	Class T	35
Great-West Lifetime 2025 I	Class T1	35
Great-West Lifetime 2025 I	Class L	5
Great-West Lifetime 2025 I	Institutional Class	5
Great-West Lifetime 2025 II	Class T	35
Great-West Lifetime 2025 II	Class T1	120
Great-West Lifetime 2025 II	Class L	23
Great-West Lifetime 2025 II	Institutional Class	5
Great-West Lifetime 2025 III	Class T	35
Great-West Lifetime 2025 III	Class T1	35
Great-West Lifetime 2025 III	Class L	5
Great-West Lifetime 2025 III	Institutional Class	5
Great-West Lifetime 2035 I	Class T	35
Great-West Lifetime 2035 I	Class T1	35
Great-West Lifetime 2035 I	Class L	5
Great-West Lifetime 2035 I	Institutional Class	5
Great-West Lifetime 2035 II	Class T	35
Great-West Lifetime 2035 II	Class T1	100
Great-West Lifetime 2035 II	Class L	23
Great-West Lifetime 2035 II	Institutional Class	5
Great-West Lifetime 2035 III	Class T	35
Great-West Lifetime 2035 III	Class T1	35
Great-West Lifetime 2035 III	Class L	5
Great-West Lifetime 2035 III	Institutional Class	5
Great-West Lifetime 2045 I	Class T	35
Great-West Lifetime 2045 I	Class T1	35
Great-West Lifetime 2045 I	Class L	5
Great-West Lifetime 2045 I	Institutional Class	5
Great-West Lifetime 2045 II	Class T	35
Great-West Lifetime 2045 II	Class T1	50
Great-West Lifetime 2045 II	Class L	23
Great-West Lifetime 2045 II	Institutional Class	5
Great-West Lifetime 2045 III	Class T	35
Great-West Lifetime 2045 III	Class T1	35
Great-West Lifetime 2045 III	Class L	5

5

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Lifetime 2045 III	Institutional Class	5
Great-West Lifetime 2055 I	Class T	35
Great-West Lifetime 2055 I	Class T1	35
Great-West Lifetime 2055 I	Class L	5
Great-West Lifetime 2055 I	Institutional Class	5
Great-West Lifetime 2055 II	Class T	35
Great-West Lifetime 2055 II	Class T1	35
Great-West Lifetime 2055 II	Class L	23
Great-West Lifetime 2055 II	Institutional Class	5
Great-West Lifetime 2055 III	Class T	35
Great-West Lifetime 2055 III	Class T1	35
Great-West Lifetime 2055 III	Class L	5
Great-West Lifetime 2055 III	Institutional Class	5
Great-West SecureFoundation® Balanced	Class G	30
Great-West SecureFoundation® Balanced	Class G1	30
Great-West SecureFoundation® Balanced	Class L	23
Great-West SecureFoundation® Balanced	Institutional Class	5
Great-West SecureFoundation® Balanced ETF	Class A	20
Great-West SecureFoundation® Lifetime 2015	Class G	30
Great-West SecureFoundation® Lifetime 2015	Class G1	30
Great-West SecureFoundation® Lifetime 2015	Class L	5
Great-West SecureFoundation® Lifetime 2015	Institutional Class	5
Great-West SecureFoundation® Lifetime 2020	Class G	10
Great-West SecureFoundation® Lifetime 2020	Class G1	5
Great-West SecureFoundation® Lifetime 2020	Class L	5
Great-West SecureFoundation® Lifetime 2020	Institutional Class	5
Great-West SecureFoundation® Lifetime 2025	Class G	30
Great-West SecureFoundation® Lifetime 2025	Class G1	30
Great-West SecureFoundation® Lifetime 2025	Class L	5
Great-West SecureFoundation® Lifetime 2025	Institutional Class	5
Great-West SecureFoundation® Lifetime 2030	Class G	10
Great-West SecureFoundation® Lifetime 2030	Class G1	5
Great-West SecureFoundation® Lifetime 2030	Class L	5
Great-West SecureFoundation® Lifetime 2030	Institutional Class	5
Great-West SecureFoundation® Lifetime 2035	Class G	30
Great-West SecureFoundation® Lifetime 2035	Class G1	30
Great-West SecureFoundation® Lifetime 2035	Class L	5
Great-West SecureFoundation® Lifetime 2035	Institutional Class	5
Great-West SecureFoundation® Lifetime 2040	Class G	10
Great-West SecureFoundation® Lifetime 2040	Class G1	5
Great-West SecureFoundation® Lifetime 2040	Class L	5
Great-West SecureFoundation® Lifetime 2040	Institutional Class	5
Great-West SecureFoundation® Lifetime 2045	Class G	30
Great-West SecureFoundation® Lifetime 2045	Class G1	30
Great-West SecureFoundation® Lifetime 2045	Class L	5
Great-West SecureFoundation® Lifetime 2045	Institutional Class	5
Great-West SecureFoundation® Lifetime 2050	Class G	5
Great-West SecureFoundation® Lifetime 2050	Class G1	5
Great-West SecureFoundation® Lifetime 2050	Class L	5

6

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West SecureFoundation® Lifetime 2050	Institutional Class	5
Great-West SecureFoundation® Lifetime 2055	Class G	30
Great-West SecureFoundation® Lifetime 2055	Class G1	30
Great-West SecureFoundation® Lifetime 2055	Class L	5
Great-West SecureFoundation® Lifetime 2055	Institutional Class	5
Unclassified Capital Stock:		959.5
Total:		11,000

As supplemented hereby, the Corporation’s Articles of Amendment and Restatement authorize the issuance of eleven billion (11,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of eleven million dollars ($11,000,000), classified as follows:

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Money Market	Initial Class	1,250
Great-West Money Market	Institutional Class	150
Great-West Stock Index	Initial Class	70
Great-West Stock Index	Class L	5
Great-West Stock Index	Institutional Class	5
Great-West Bond Index	Initial Class	85
Great-West Bond Index	Class L	10
Great-West Bond Index	Institutional Class	150
Great-West U.S. Government Mortgage Securities	Initial Class	75
Great-West U.S. Government Mortgage Securities	Class L	5
Great-West U.S. Government Mortgage Securities	Institutional Class	150
Great-West S&P Small Cap 600® Index	Initial Class	90
Great-West S&P Small Cap 600® Index	Class L	5
Great-West S&P Small Cap 600® Index	Institutional Class	150
Great-West Putnam High Yield Bond	Initial Class	20
Great-West Putnam High Yield Bond	Class L	5
Great-West Putnam High Yield Bond	Institutional Class	150
Great-West Multi-Manager Large Cap Growth	Initial Class	50
Great-West Multi-Manager Large Cap Growth	Class L	5
Great-West Multi-Manager Large Cap Growth	Institutional Class	150
Great-West MFS International Growth	Initial Class	20
Great-West MFS International Growth	Class L	5
Great-West MFS International Growth	Institutional Class	150
Great-West Federated Bond	Initial Class	20
Great-West Federated Bond	Class L	5
Great-West Federated Bond	Institutional Class	150
Great-West MFS International Value	Initial Class	65
Great-West MFS International Value	Class L	5
Great-West MFS International Value	Institutional Class	150
Great-West S&P 500® Index	Initial Class	140

7

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West S&P 500® Index	Class L	10
Great-West S&P 500® Index	Institutional Class	150
Great-West Goldman Sachs Mid Cap Value	Initial Class	45
Great-West Goldman Sachs Mid Cap Value	Class L	5
Great-West Goldman Sachs Mid Cap Value	Institutional Class	150
Great-West Invesco Small Cap Value	Initial Class	20
Great-West Invesco Small Cap Value	Class L	5
Great-West Invesco Small Cap Value	Institutional Class	150
Great-West Ariel Mid Cap Value	Initial Class	200
Great-West Ariel Mid Cap Value	Class L	5
Great-West Ariel Mid Cap Value	Institutional Class	150
Great-West Loomis Sayles Small Cap Value	Initial Class	50
Great-West Loomis Sayles Small Cap Value	Class L	5
Great-West Loomis Sayles Small Cap Value	Institutional Class	150
Great-West Loomis Sayles Bond	Initial Class	80
Great-West Loomis Sayles Bond	Class L	5
Great-West Loomis Sayles Bond	Institutional Class	150
Great-West T. Rowe Price Equity Income	Initial Class	100
Great-West T. Rowe Price Equity Income	Class L	5
Great-West T. Rowe Price Equity Income	Institutional Class	150
Great-West Short Duration Bond	Initial Class	75
Great-West Short Duration Bond	Class L	5
Great-West Short Duration Bond	Institutional Class	150
Great-West T. Rowe Price Mid Cap Growth	Initial Class	100
Great-West T. Rowe Price Mid Cap Growth	Class L	5
Great-West T. Rowe Price Mid Cap Growth	Institutional Class	150
Great-West Templeton Global Bond	Initial Class	70
Great-West Templeton Global Bond	Class L	5
Great-West Templeton Global Bond	Institutional Class	150
Great-West S&P Mid Cap 400® Index	Initial Class	27.5
Great-West S&P Mid Cap 400® Index	Class L	5
Great-West S&P Mid Cap 400® Index	Institutional Class	150
Great-West International Index	Initial Class	30
Great-West International Index	Class L	5
Great-West International Index	Institutional Class	150
Great-West Putnam Equity Income	Initial Class	35
Great-West Putnam Equity Income	Class L	5
Great-West Putnam Equity Income	Institutional Class	150
Great-West Real Estate Index	Initial Class	10
Great-West Real Estate Index	Class L	5
Great-West Real Estate Index	Institutional Class	150
Great-West Multi-Manager Small Cap Growth	Initial Class	30
Great-West Multi-Manager Small Cap Growth	Class L	5
Great-West Multi-Manager Small Cap Growth	Institutional Class	150
Great-West Conservative Profile I	Initial Class	100
Great-West Conservative Profile I	Class L	5
Great-West Conservative Profile I	Institutional Class	5
Great-West Moderately Conservative Profile I	Initial Class	100
Great-West Moderately Conservative Profile I	Class L	5

8

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Moderately Conservative Profile I	Institutional Class	5
Great-West Moderate Profile I	Initial Class	100
Great-West Moderate Profile I	Class L	5
Great-West Moderate Profile I	Institutional Class	5
Great-West Moderately Aggressive Profile I	Initial Class	100
Great-West Moderately Aggressive Profile I	Class L	5
Great-West Moderately Aggressive Profile I	Institutional Class	5
Great-West Aggressive Profile I	Initial Class	100
Great-West Aggressive Profile I	Class L	5
Great-West Aggressive Profile I	Institutional Class	5
Great-West Conservative Profile II	Initial Class	100
Great-West Conservative Profile II	Class L	35
Great-West Conservative Profile II	Institutional Class	5
Great-West Moderately Conservative Profile II	Initial Class	100
Great-West Moderately Conservative Profile II	Class L	35
Great-West Moderately Conservative Profile II	Institutional Class	5
Great-West Moderate Profile II	Initial Class	250
Great-West Moderate Profile II	Class L	35
Great-West Moderate Profile II	Institutional Class	5
Great-West Moderately Aggressive Profile II	Initial Class	100
Great-West Moderately Aggressive Profile II	Class L	35
Great-West Moderately Aggressive Profile II	Institutional Class	5
Great-West Aggressive Profile II	Initial Class	175
Great-West Aggressive Profile II	Class L	35
Great-West Aggressive Profile II	Institutional Class	5
Great-West Lifetime 2015 I	Class T	35
Great-West Lifetime 2015 I	Class T1	35
Great-West Lifetime 2015 I	Class L	5
Great-West Lifetime 2015 I	Institutional Class	5
Great-West Lifetime 2015 III	Class T	70
Great-West Lifetime 2015 III	Class T1	135
Great-West Lifetime 2015 III	Class L	28
Great-West Lifetime 2015 III	Institutional Class	10
Great-West Lifetime 2020 I	Class T	35
Great-West Lifetime 2020 I	Class T1	35
Great-West Lifetime 2020 I	Class L	5
Great-West Lifetime 2020 I	Institutional Class	5
Great-West Lifetime 2020 III	Class T	35
Great-West Lifetime 2020 III	Class T1	35
Great-West Lifetime 2020 III	Class L	5
Great-West Lifetime 2020 III	Institutional Class	5
Great-West Lifetime 2025 I	Class T	35
Great-West Lifetime 2025 I	Class T1	35
Great-West Lifetime 2025 I	Class L	5
Great-West Lifetime 2025 I	Institutional Class	5
Great-West Lifetime 2025 III	Class T	70
Great-West Lifetime 2025 III	Class T1	155
Great-West Lifetime 2025 III	Class L	28
Great-West Lifetime 2025 III	Institutional Class	10

9

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Lifetime 2030 I	Class T	35
Great-West Lifetime 2030 I	Class T1	35
Great-West Lifetime 2030 I	Class L	5
Great-West Lifetime 2030 I	Institutional Class	5
Great-West Lifetime 2030 III	Class T	35
Great-West Lifetime 2030 III	Class T1	35
Great-West Lifetime 2030 III	Class L	5
Great-West Lifetime 2030 III	Institutional Class	5
Great-West Lifetime 2035 I	Class T	35
Great-West Lifetime 2035 I	Class T1	35
Great-West Lifetime 2035 I	Class L	5
Great-West Lifetime 2035 I	Institutional Class	5
Great-West Lifetime 2035 III	Class T	70
Great-West Lifetime 2035 III	Class T1	135
Great-West Lifetime 2035 III	Class L	28
Great-West Lifetime 2035 III	Institutional Class	10
Great-West Lifetime 2040 I	Class T	35
Great-West Lifetime 2040 I	Class T1	35
Great-West Lifetime 2040 I	Class L	5
Great-West Lifetime 2040 I	Institutional Class	5
Great-West Lifetime 2040 III	Class T	35
Great-West Lifetime 2040 III	Class T1	35
Great-West Lifetime 2040 III	Class L	5
Great-West Lifetime 2040 III	Institutional Class	5
Great-West Lifetime 2045 I	Class T	35
Great-West Lifetime 2045 I	Class T1	35
Great-West Lifetime 2045 I	Class L	5
Great-West Lifetime 2045 I	Institutional Class	5
Great-West Lifetime 2045 III	Class T	70
Great-West Lifetime 2045 III	Class T1	85
Great-West Lifetime 2045 III	Class L	28
Great-West Lifetime 2045 III	Institutional Class	10
Great-West Lifetime 2050 I	Class T	35
Great-West Lifetime 2050 I	Class T1	35
Great-West Lifetime 2050 I	Class L	5
Great-West Lifetime 2050 I	Institutional Class	5
Great-West Lifetime 2050 III	Class T	35
Great-West Lifetime 2050 III	Class T1	35
Great-West Lifetime 2050 III	Class L	5
Great-West Lifetime 2050 III	Institutional Class	5
Great-West Lifetime 2055 I	Class T	35
Great-West Lifetime 2055 I	Class T1	35
Great-West Lifetime 2055 I	Class L	5
Great-West Lifetime 2055 I	Institutional Class	5
Great-West Lifetime 2055 III	Class T	70
Great-West Lifetime 2055 III	Class T1	70
Great-West Lifetime 2055 III	Class L	28
Great-West Lifetime 2055 III	Institutional Class	10
Great-West SecureFoundation® Balanced	Class G	30

10

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West SecureFoundation® Balanced	Class G1	30
Great-West SecureFoundation® Balanced	Class L	23
Great-West SecureFoundation® Balanced	Institutional Class	5
Great-West SecureFoundation® Balanced ETF	Class A	20
Great-West SecureFoundation® Lifetime 2015	Class G	30
Great-West SecureFoundation® Lifetime 2015	Class G1	30
Great-West SecureFoundation® Lifetime 2015	Class L	5
Great-West SecureFoundation® Lifetime 2015	Institutional Class	5
Great-West SecureFoundation® Lifetime 2020	Class G	10
Great-West SecureFoundation® Lifetime 2020	Class G1	5
Great-West SecureFoundation® Lifetime 2020	Class L	5
Great-West SecureFoundation® Lifetime 2020	Institutional Class	5
Great-West SecureFoundation® Lifetime 2025	Class G	30
Great-West SecureFoundation® Lifetime 2025	Class G1	30
Great-West SecureFoundation® Lifetime 2025	Class L	5
Great-West SecureFoundation® Lifetime 2025	Institutional Class	5
Great-West SecureFoundation® Lifetime 2030	Class G	10
Great-West SecureFoundation® Lifetime 2030	Class G1	5
Great-West SecureFoundation® Lifetime 2030	Class L	5
Great-West SecureFoundation® Lifetime 2030	Institutional Class	5
Great-West SecureFoundation® Lifetime 2035	Class G	30
Great-West SecureFoundation® Lifetime 2035	Class G1	30
Great-West SecureFoundation® Lifetime 2035	Class L	5
Great-West SecureFoundation® Lifetime 2035	Institutional Class	5
Great-West SecureFoundation® Lifetime 2040	Class G	10
Great-West SecureFoundation® Lifetime 2040	Class G1	5
Great-West SecureFoundation® Lifetime 2040	Class L	5
Great-West SecureFoundation® Lifetime 2040	Institutional Class	5
Great-West SecureFoundation® Lifetime 2045	Class G	30
Great-West SecureFoundation® Lifetime 2045	Class G1	30
Great-West SecureFoundation® Lifetime 2045	Class L	5
Great-West SecureFoundation® Lifetime 2045	Institutional Class	5
Great-West SecureFoundation® Lifetime 2050	Class G	5
Great-West SecureFoundation® Lifetime 2050	Class G1	5
Great-West SecureFoundation® Lifetime 2050	Class L	5
Great-West SecureFoundation® Lifetime 2050	Institutional Class	5
Great-West SecureFoundation® Lifetime 2055	Class G	30
Great-West SecureFoundation® Lifetime 2055	Class G1	30
Great-West SecureFoundation® Lifetime 2055	Class L	5
Great-West SecureFoundation® Lifetime 2055	Institutional Class	5
Unclassified Capital Stock:		319.5
Total:		11,000

FOURTH: The Corporation is registered as an open-end company under the Investment Company of 1940.

FIFTH: These Articles Supplementary shall be effective on April 28, 2016.

11

IN WITNESS WHEREOF, the Corporation has caused these Articles Supplementary to be signed, and witnessed, in its name and on its behalf by its undersigned officers who acknowledge that these Articles Supplementary are the act of the Corporation; that to the best of their knowledge, information and belief, all matters and facts set forth herein relating to the authorization and approval of these Articles Supplementary are true in all material respects; and that this statement is made under the penalties of perjury.

GREAT-WEST FUNDS, INC.
By:	/s/ David L. Musto
Name:	David L. Musto
Title:	President and Chief Executive Officer

ATTEST:

By:	/s/ Ryan L. Logsdon
Name:	Ryan L. Logsdon
Title:	Vice President, Counsel & Secretary

12

GREAT-WEST FUNDS, INC.

ARTICLES OF AMENDMENT

Great-West Funds, Inc., a Maryland corporation (the “Corporation”), in accordance with Section 2-607 of the Maryland General Corporation Law, hereby certifies as follows:

FIRST: The charter of the Corporation is hereby amended by changing the name of the following series of capital stock of the Corporation as follows:

CURRENT SERIES/PORTFOLIO NAME	NEW SERIES/PORTFOLIO NAME
Great-West Lifetime 2015 Fund I	Great-West Lifetime Conservative 2015 Fund
Great-West Lifetime 2020 Fund I	Great-West Lifetime Conservative 2020 Fund
Great-West Lifetime 2025 Fund I	Great-West Lifetime Conservative 2025 Fund
Great-West Lifetime 2030 Fund I	Great-West Lifetime Conservative 2030 Fund
Great-West Lifetime 2035 Fund I	Great-West Lifetime Conservative 2035 Fund
Great-West Lifetime 2040 Fund I	Great-West Lifetime Conservative 2040 Fund
Great-West Lifetime 2045 Fund I	Great-West Lifetime Conservative 2045 Fund
Great-West Lifetime 2050 Fund I	Great-West Lifetime Conservative 2050 Fund
Great-West Lifetime 2055 Fund I	Great-West Lifetime Conservative 2055 Fund
Great-West Lifetime 2015 Fund III	Great-West Lifetime 2015 Fund
Great-West Lifetime 2020 Fund III	Great-West Lifetime 2020 Fund
Great-West Lifetime 2025 Fund III	Great-West Lifetime 2025 Fund
Great-West Lifetime 2030 Fund III	Great-West Lifetime 2030 Fund
Great-West Lifetime 2035 Fund III	Great-West Lifetime 2035 Fund
Great-West Lifetime 2040 Fund III	Great-West Lifetime 2040 Fund
Great-West Lifetime 2045 Fund III	Great-West Lifetime 2045 Fund
Great-West Lifetime 2050 Fund III	Great-West Lifetime 2050 Fund
Great-West Lifetime 2055 Fund III	Great-West Lifetime 2055 Fund

SECOND: The amendment was approved by a majority of the entire Board of Directors and is limited to a change expressly authorized by Section 2-605 of the Maryland General Corporation Law to be made without action by the stockholders.

THIRD: These Articles of Amendment shall become effective at 12:00 A.M. on the 29^th day of April 2016.

IN WITNESS WHEREOF, the Corporation has caused these Articles of Amendment to be signed in its name and on its behalf by its President and Chief Executive Officer and attested by its Secretary on this 12^th day of February 2016, and the undersigned officers acknowledge that these Articles of Amendment are the act of the Corporation, and certify that, to the best of their knowledge, information and belief, all matters and facts set forth herein are true in all material respects, and that this statement is made under the penalties of perjury.

GREAT-WEST FUNDS, INC.
/s/ David L. Musto
Name:	David L. Musto
Title:	President and Chief Executive Officer

ATTEST:

/s/ Ryan L. Logsdon
Name:	R.L. Logsdon
Title:	Vice President, Counsel and Secretary