International Fund (Third Prospectus Summary) | International Fund

INTERNATIONAL FUND(SM)

INVESTMENT OBJECTIVE

The fund's investment objective is to provide you with long-term growth of
capital.

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 3 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	International Fund Class 3
Management fee	0.49%
Distribution and/or service (12b-1) fees	0.18%
Other expenses	0.04%
Total annual fund operating expenses	0.71%

EXAMPLE

The example below is intended to help you compare the cost of investing in
Class 3 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
International Fund Class 3	73	227	395	883

PORTFOLIO TURNOVER

The fund pays transaction costs, such as commissions, when it buys and sells
securities (or "turns over" its portfolio). A higher portfolio turnover rate
may indicate higher transaction costs and may result in higher taxes when fund
shares are held in a taxable account. These costs, which are not reflected in
annual fund operating expenses or in the example, affect the fund's investment
results. During the most recent fiscal year, the fund's portfolio turnover rate
was 24% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The fund invests primarily in common stocks of companies located outside
the United States, including in emerging and developing countries, that the
investment adviser believes have the potential for growth. Although the fund
focuses on investments in medium to larger capitalization companies, the fund's
investments are not limited to a particular capitalization size.

The investment adviser uses a system of multiple portfolio counselors in
managing the fund's assets. Under this approach, the portfolio of the fund is
divided into segments managed by individual counselors who decide how their
respective segments will be invested.

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 invest in attractively
valued companies that, in its opinion, represent good, long-term investment
opportunities. The investment adviser believes that an important way to
accomplish this is through fundamental analysis, which may include meeting
with company executives and employees, suppliers, customers and competitors.
Securities may be sold when the investment adviser believes that they no longer
represent relatively attractive investment opportunities.

PRINCIPAL RISKS

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

YOU MAY LOSE MONEY BY INVESTING IN THE FUND. THE LIKELIHOOD OF LOSS MAY BE GREATER
IF YOU INVEST FOR A SHORTER PERIOD OF TIME.

Investors in the fund should have a long-term perspective and be able to
tolerate potentially sharp declines in value.

MARKET CONDITIONS -- The prices of, and income generated by, the common
stocks and other securities held by the fund may decline due to market conditions
and other factors, including those directly involving the issuers of securities
held by the fund.
  
INVESTING IN GROWTH-ORIENTED STOCKS -- Growth-oriented stocks may
involve larger price swings and greater potential for loss than other types of
investments.
  
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, economic or market developments or
instability in the countries or regions in which the issuer operates. These
securities may also lose value due to changes in foreign currency exchange
rates against the U.S. dollar and/or currencies of other countries. Securities
markets in certain countries may be more volatile and/or less liquid than those
in the United States. Investments outside the United States may also be subject
to different settlement and accounting practices and different regulatory,
legal and reporting standards, and may be more difficult to value, than those
in the United States. The risks of investing outside the United States may be
heightened in connection with investments in emerging and developing countries.

INVESTING IN EMERGING AND DEVELOPING COUNTRIES -- Investing in countries
with developing economies and/or markets may involve risks in addition to
and greater than those generally associated with investing in developed countries.
For instance, emerging and developing countries may have less developed legal
and accounting systems than those in developed countries. The governments of
these countries may be more unstable and more likely to impose capital
controls, nationalize a company or industry, place restrictions on foreign
ownership and on withdrawing sale proceeds of securities from the country,
and/or impose punitive taxes that could adversely affect the prices of
securities. In addition, the economies of these countries may be dependent
on relatively few industries that are more susceptible to local and global
changes. Securities markets in these countries can also be relatively small and
have substantially lower trading volumes. As a result, securities issued in
these countries may be more volatile and less liquid, and may be more difficult
to value, than securities issued in countries with more developed economies or
markets. Additionally, because these markets may not be as mature, there may
be increased settlement risks for transactions in local securities.

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. This could cause the fund to lose value or its investment
results to lag relevant benchmarks or other funds with similar objectives.

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 3
shares of the fund have varied from year to year and how the fund's average
annual total returns for various periods compare with different broad measures
of market performance. This information provides some indication of the risks
of investing in the fund. The Lipper International Funds Index includes mutual
funds that disclose investment objectives and/or strategies reasonably
comparable to those of 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 3
shares of the fund have varied from year to year and how the fund's average
annual total returns for various periods compare with different broad measures
of market performance.

Calendar year total returns.

The fund's highest/lowest quarterly results during this time period were:
  
HIGHEST   24.48% (quarter ended June 30, 2009)
LOWEST   -21.85% (quarter ended September 30, 2011)

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

Average Annual Total Returns International Fund	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 3	INTERNATIONAL FUND	(13.85%)	(1.65%)	6.23%	[1]	7.74%	May 01, 1990	[1]
Lipper International Funds Index	Lipper International Funds Index (reflects no deduction for sales charges, account fees or taxes)	(14.48%)	(3.72%)	5.29%	[1]	5.81%	May 01, 1990	[1]
MSCI All Country World ex USA Index	MSCI All Country World ex USA Index (reflects no deduction for sales charges, account fees, expenses or taxes)	(13.33%)	(2.48%)	6.76%	[1]	5.69%	May 01, 1990	[1]

[1] Lifetime results are from May 1, 1990, the date the fund began investment operations. Class 3 shares were first offered on January 16, 2004; therefore, results for the fund prior to that date assume a hypothetical investment in Class 1 shares, but reflect the .18% annual expense that applies to Class 3 shares and is described in the "Plans of distribution" section of this prospectus. Results for Class 1 shares are comparable to those of Class 3 shares because both classes invest in the same portfolio of securities.