Multi-Managed Growth Portfolio (Prospectus Summary) | Multi-Managed Growth Portfolio

Multi-Managed Growth Portfolio

Investment Goal

The Portfolio's investment goal is long-term growth of capital.

Fees and Expenses of the Portfolio

This table describes the fees and expenses that you may pay if you buy and hold
shares of the Portfolio. The Portfolio's annual operating expenses do not
reflect the separate account fees charged in the variable annuity or variable
life insurance policy ("Variable Contracts"), in which the Portfolio is offered.
Please see your Variable Contract prospectus for more details on the separate
account fees.

Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses Multi-Managed Growth Portfolio	Class 1	Class 2	Class 3
Management Fees	0.89%	0.89%	0.89%
Service (12b-1) Fees	none	0.15%	0.25%
Other Expenses	0.35%	0.35%	0.35%
Total Annual Portfolio Operating Expenses	1.24%	1.39%	1.49%

Expense Example

This Example is intended to help you compare the cost of investing in the
Portfolio with the cost of investing in other mutual funds. The Example assumes
that you invest $10,000 in the Portfolio for the time periods indicated and then
redeem all of your shares at the end of those periods. The Example also assumes
that your investment has a 5% return each year and that the Portfolio's
operating expenses remain the same. The Example does not reflect charges imposed
by the Variable Contract. See the Variable Contract prospectus for information
on such charges. Although your actual costs may be higher or lower, based on
these assumptions and the net expenses shown in the fee table, your costs would
be:

Expense Example Multi-Managed Growth Portfolio (USD $)	Expense Example, With Redemption, 1 Year	Expense Example, With Redemption, 3 Years	Expense Example, With Redemption, 5 Years	Expense Example, With Redemption, 10 Years
Class 1	126	393	681	1,500
Class 2	142	440	761	1,669
Class 3	152	471	813	1,779

Portfolio Turnover

The Portfolio pays transaction costs, such as commissions, when it buys and
sells securities (or "turns over" its portfolio). A higher portfolio turnover
may indicate higher transaction costs. These costs, which are not reflected in
annual portfolio operating expenses or in the example, affect the Portfolio's
performance. During the most recent fiscal year, the Portfolio's portfolio
turnover rate was 90% of the average value of its portfolio.

Principal Investment Strategies of the Portfolio

The Portfolio attempts to achieve its investment goal by allocating its assets
among four distinct, actively-managed investment components (the "Managed
Components"), each with a different investment strategy. The Managed Components
include an aggressive growth component, balanced component, fixed income
component and a growth component.

The Managed Components each invest to varying degrees, according to its
investment strategy, in a diverse portfolio of securities including, but not
limited to, common stocks, securities with equity characteristics (such as
preferred stocks, warrants or fixed income securities convertible into common
stock), corporate and U.S. government fixed income securities, money market
instruments and/or cash or cash equivalents.

The allocation of the Portfolio's assets among the four components is as
follows:

                   •   Aggressive Growth Component             20%

                   •   Balanced Component                      20%
                          (14% equities/6% fixed income)

                   •   Fixed Income Component                  20%

                   •   Growth Component                        40%


The Aggressive Growth Component invests principally in equity securities,
including those of lesser known or high growth companies or industries, such as
technology, telecommunications, media, healthcare, energy and consumer
cyclicals. Although the component's investments will primarily be in
small-capitalization companies, the component may invest substantially in
mid-capitalization companies and to a smaller degree, large-capitalization
companies.

The Balanced Component invests principally in equity securities of
large-capitalization companies and investment grade fixed income securities.

As noted above, approximately 20% of the Portfolio's assets will be allocated to
the Fixed Income Component which invests, under normal circumstances, at least
80% of its net assets in investment grade fixed income securities (U.S. or
foreign) and at least 80% in U.S. dollar denominated securities. The component
may also invest substantially in junk bonds (up to 20% of the component's
assets), short-term investments (up to 20% of the component's assets), foreign
securities (up to 20% of the component's assets denominated in foreign
currencies; up to 100% of the component's assets denominated in U.S. dollars),
asset-backed and mortgage-backed securities and when-issued and delayed-delivery
securities.

The Growth Component invests principally in equity securities selected for their
growth potential. Although the component's investments in equity securities may
be primarily in large-capitalization companies, it may invest substantially in
small- and mid-capitalization companies.

Differences in investment returns among the Managed Components will cause the
actual percentages to vary over the course of a calendar quarter from the target
allocations referenced above. Accordingly, the Portfolio's assets will be
reallocated or "rebalanced" among the Managed Components on at least a quarterly
basis to restore the target allocations for the Portfolio.

Principal Risks of Investing in the Portfolio

There can be no assurance that the Portfolio's investment goal will be met or
that the net return on an investment in the Portfolio will exceed what could
have been obtained through other investment or savings vehicles. Shares of the
Portfolio are not bank deposits and are not guaranteed or insured by any bank,
government entity or the Federal Deposit Insurance Corporation. As with any
mutual fund, there is no guarantee that the Portfolio will be able to achieve
its investment goals. If the value of the assets of the Portfolio goes down, you
could lose money.

The following is a summary description of the principal risks of investing in
the Portfolio.

Equity Securities Risk. The Portfolio invests principally in equity securities
and is therefore subject to the risk that stock prices will fall and may
underperform other asset classes. Individual stock prices fluctuate from
day-to-day and may decline significantly. The prices of individual stocks may be
negatively affected by poor company results or other factors affecting
individual prices, as well as industry and/or economic trends and developments
affecting industries or the securities market as a whole.

Securities Selection Risk. A strategy used by the Portfolio, or individual
securities selected by the portfolio manager, may fail to produce the intended
return.

Large-Capitalization Companies Risk. Large-cap companies tend to be less
volatile than companies with smaller market capitalizations. In exchange for
this potentially lower risk, the Portfolio's value may not rise as much as the
value of portfolios that emphasize smaller companies.

Growth Stock Risk. Growth stocks can be volatile for several reasons. Since the
issuers usually reinvest a high portion of earnings in their own business,
growth stocks may lack the comfortable dividend yield associated with value
stocks that can cushion total return in a bear market. Also, growth stocks
normally carry a higher price/earnings ratio than many other stocks.
Consequently, if earnings expectations are not met, the market price of growth
stocks will often go down more than other stocks. However, the market frequently
rewards growth stocks with price increases when expectations are met or
exceeded.

Risk of Investing in Bonds. As with any fund that invests significantly in
bonds, the value of your investment in the Portfolio may go up or down in
response to changes in interest rates or defaults (or even the potential for
future defaults) by bond issuers. The market value of bonds and other fixed
income securities usually tends to vary inversely with the level of interest
rates; as interest rates rise the value of such securities typically falls, and
as interest rates fall, the value of such securities typically rises.
Longer-term and lower coupon bonds tend to be more sensitive to changes in
interest rates.

Interest Rate Fluctuations Risk. Fixed income securities may be subject to
volatility due to changes in interest rates. The market value of bonds and other
fixed income securities usually tends to vary inversely with the level of
interest rates; as interest rates rise the value of such securities typically
falls, and as interest rates fall, the value of such securities typically rises.
Longer-term and lower coupon bonds tend to be more sensitive to changes in
interest rates.

Small- and Medium-Capitalization Companies Risk. Securities of small- and
medium-capitalization companies are usually more volatile and entail greater
risks than securities of large companies.

Active Trading Risk. A strategy used whereby the Portfolio may engage in
frequent trading of portfolio securities to achieve its investment goal. Active
trading may result in high portfolio turnover and correspondingly greater
brokerage commissions and other transaction costs for the Portfolio.

Performance Information

The following Risk/Return Bar Chart and Table illustrate the risks of investing
in Class 1 shares of the Portfolio by showing changes in the Portfolio's
performance from calendar year to calendar year and comparing the Portfolio's
average annual returns to those of the S&P 500® Index and a Blended Index and
each of its components. The Blended Index consists of 51% Russell 1000® Index,
27% Barclays Capital U.S. Aggregate Index, 20% Russell 2000 Index and 2%
Treasury Bills. The returns of the Treasury Bills Index for the periods since
inception of class 3 shares is from November 30, 2002. Fees and expenses
incurred at the contract level are not reflected in the bar chart or table. If
these amounts were reflected, returns would be less than those shown. Of course,
past performance is not necessarily an indication of how the Portfolio will
perform in the future.

Class 1 Shares

During the 10-year period shown in the bar chart, the highest return for a
quarter was 17.88% (quarter ended June 30, 2009) and the lowest return for a
quarter was -16.31% (quarter ended September 30, 2001). The year to date
calendar return as of June 30, 2011 was 4.04%.

Average Annual Total Returns (For the periods ended December 31, 2010)

Average Annual Total Returns Multi-Managed Growth Portfolio	Average Annual Returns, Label	Average Annual Returns, 1 Year	Average Annual Returns, 5 Years	Average Annual Returns, 10 Years	Average Annual Returns, Since Inception	Average Annual Returns, Inception Date
Class 1	Class 1 Shares	12.61%	5.47%	2.46%
Class 2	Class 2 Shares	12.43%	5.32%	2.31%
Class 3	Class 3 Shares	12.37%	5.22%		8.18%	Nov. 11, 2002
S&P 500 ® Index	S&P 500® Index	15.06%	2.29%	1.41%	6.37%	Nov. 11, 2002
Barclays Capital U.S. Aggregate Index	Barclays Capital U.S. Aggregate Index	6.54%	5.80%	5.83%	5.07%	Nov. 11, 2002
Russell 1000 ® Index	Russell 1000® Index	16.10%	2.59%	1.83%	6.95%	Nov. 11, 2002
Russell 2000 ® Index	Russell 2000® Index	26.85%	4.47%	6.33%	10.75%	Nov. 11, 2002
Treasury Bills	Treasury Bills	0.14%	2.13%	2.12%	2.01%	Nov. 11, 2002
Blended Index	Blended Index	15.72%	4.28%	4.23%	7.47%	Nov. 11, 2002