This Separate Account Fund invests in the Small Cap Growth Fund of Mutual of America Investment Corporation, which seeks capital appreciation. Such Underlying Fund seeks to meet its objective by investing in growth stocks of small-cap companies that are believed to possess above-average growth potential. Under normal market conditions, at least 80% of the Fund’s total assets are invested in small-cap growth stocks.

The performance data shown above represent past performance, which is not a guarantee of future results. Investment returns and unit values will fluctuate so that units, when redeemed, may be worth more or less than their original cost. Investment Fund total return performance currently may be lower or higher than the figures stated above.

The total return performance data are based on a hypothetical investment of $1,000, which is redeemed at the end of the periods shown. The total return figures reflect the reinvestment of investment income and capital gains and losses, and are net of expenses which include a contract fee, an expense risk fee, administrative charges, a distribution expense charge and Underlying Funds fees and expenses. Please consider carefully the investment objectives, risks, charges and expenses of the Separate Account investment funds before investing. For this and other information about Mutual of America's products and their Separate Account investment funds, investors should obtain the applicable contract brochure or prospectus and prospectuses of the Underlying Funds by calling the toll-free number, 1-800-468-3785. Please read them carefully before investing. Investments in the Money Market Fund (and in the other Funds) are neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Mutual of America Life Insurance Company is a Registered Broker-Dealer.

The total return figures for periods extending beyond a year are average rates of return and do not reflect the Funds' actual year-to-year results, which varied over the periods shown. Contributions or withdrawals made within a period would experience different rates of return based on the unit values on the dates of such transactions.

Marguerite Wagner, Executive Vice President of the Adviser, manages the Small Cap Growth Fund. She was employed by Citigroup in various portfolio management roles from 1985 until she joined the Adviser. She joined the Adviser in 2005 from her position as Managing Director, Senior Portfolio Manager at Citigroup Asset Management. Ms. Wagner has approximately 25 years of experience selecting securities for, and managing, equity portfolios.