Cash Management Fund (First Prospectus Summary) | Cash Management Fund

CASH MANAGEMENT FUND(SM)

INVESTMENT OBJECTIVE

The investment objective of the fund is to provide you with a way to earn
income on your cash reserves while preserving capital and maintaining liquidity.

FEES AND EXPENSES OF THE FUND

This table describes the fees and expenses that you may pay if you buy and
hold an interest in Class 1 shares of the fund. It does not reflect insurance
contract fees and expenses. If insurance contract fees and expenses were
reflected, expenses shown would be higher.

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)

Annual Fund Operating Expenses	Cash Management Fund Class 1
Management fee	0.32%
Other expenses	0.01%
Total annual fund operating expenses	0.33%

EXAMPLE

The example below is intended to help you compare the cost of investing in
Class 1 shares of the fund with the cost of investing in other mutual funds.
The example assumes that you invest $10,000 in the fund for the time periods
indicated and then redeem your shares at the end of the periods. The example
also assumes that your investment has a 5% return each year and that the fund's
operating expenses remain the same. The example does not reflect insurance
contract expenses. If insurance contract expenses were reflected, expenses
shown would be higher.

Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

Expense Example (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
Cash Management Fund Class 1	34	106	185	418

PRINCIPAL INVESTMENT STRATEGIES

Normally, the fund invests substantially in high-quality money market
instruments such as commercial paper, commercial bank obligations, U.S.
or Canadian government securities, and short-term corporate bonds and
notes. These securities may have credit and liquidity support features,
including guarantees.

The fund may invest in securities issued by entities domiciled outside the
United States and securities with credit and liquidity support features
provided by entities domiciled outside of the United States. The fund may
also invest in securities of U.S. issuers with substantial operations outside
the United States.

The fund relies on the professional judgment of its investment adviser to
make decisions about the fund's portfolio investments. The basic investment
philosophy of the investment adviser is to seek to provide current income while
preserving capital and maintaining liquidity. The investment adviser believes
that an important way to accomplish this is by analyzing various factors,
including the credit strength of the issuer, prices of similar securities
issued by comparable issuers, current and anticipated changes in interest
rates, general market conditions and other factors pertinent to the particular
security being evaluated.

PRINCIPAL RISKS

THIS SECTION DESCRIBES THE PRINCIPAL RISKS ASSOCIATED WITH THE FUND'S PRINCIPAL
INVESTMENT STRATEGIES.

THE FUND IS NOT MANAGED TO MAINTAIN A STABLE ASSET VALUE OF $1.00 PER SHARE AND
IT IS POSSIBLE TO LOSE MONEY BY INVESTING
IN THE FUND.
  
INVESTING IN MONEY MARKET SECURITIES -- The values and liquidity of the
securities held by the fund may be affected by changing interest rates,
changes in the credit quality of the issuers, changes in credit ratings of the
securities and general market conditions. For example, the values of these
securities may decline when interest rates rise and increase when interest
rates fall.

LOW INTEREST RATE ENVIRONMENT -- During periods of extremely low
short-term interest rates, the fund may not be able to maintain a positive yield.
  
CREDIT AND LIQUIDITY SUPPORT -- Changes in the credit quality of banks
and financial institutions providing credit and liquidity support features with
respect to securities held by the fund could cause the values of these
securities to decline.

INVESTING OUTSIDE THE UNITED STATES -- Securities of issuers domiciled
outside the United States, or with significant operations outside the United States,
may lose value because of political, social or economic developments in the
country or region in which the issuer operates.

MANAGEMENT -- The investment adviser to the fund actively manages the fund's
investments. Consequently, the fund is subject to the risk that the methods and
analyses employed by the investment adviser in this process may not produce the
desired results.
  
Your investment in the fund is not a bank deposit and is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other
government agency, entity or person.

INVESTMENT RESULTS

The following information shows how the investment results of the Class 1
shares of the fund have varied from year to year, and the fund's average annual
total returns for various periods. This information provides some indication of
the risks of investing in the fund. Past results are not predictive of future
results. Figures shown reflect fees and expenses associated with an investment
in the fund, but do not reflect insurance contract fees and expenses. If
insurance contract fees and expenses were included, results would have been
lower.

The following information shows how the investment results of the Class 1
shares of the fund have varied from year to year, and the fund's average annual
total returns for various periods.

Calendar year total returns.

The fund's highest/lowest quarterly results during this time period were:
  
HIGHEST   1.31% (quarter ended December 31, 2006)
LOWEST   -0.09% (quarter ended September 30, 2011)

For periods ended December 31, 2011: AVERAGE ANNUAL TOTAL RETURNS

Average Annual Total Returns	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
Cash Management Fund Class 1	CASH MANAGEMENT FUND	(0.26%)	1.31%	1.71%	4.26%	Feb. 08, 1984