Invesco American Franchise Ret Acct

 Investment Option Profile
Large-Cap Stocks -- Large-Cap Growth Stocks

INVESTMENT OBJECTIVE

Seeks capital appreciation.
INVESTMENT ADVISOR

The TR Transamerica AIM Constellation Fund is a Separate Account portfolio maintained by Transamerica Financial Life Insurance Company (TFLIC). The TR Transamerica AIM Constellation Fund invests exclusively in the Transamerica AIM Constellation Fund1, a Transamerica Life Insurance Company^ (TLIC) Separate Account, which had an inception date of May 1, 1995. The TLIC Separate Account is sub-advised by AIM Capital Management, Inc. – lead portfolio manager Lanny H. Sachnowitz; Kirk L. Anderson; James G. Birdsall; and Robert J. Lloyd, CFA. Prior to January 14, 2005, the Transamerica AIM Constellation Fund (underlying TLIC Separate Account) invested exclusively in the AIM Constellation Fund (Class A shares), a mutual fund which had an inception date of April 1976.
INVESTMENT DESCRIPTION

Best suited for investors who want to aggressively capitalize on the long-term growth potential of stocks and who can accept the risks this type of fund poses. The Transamerica AIM Constellation Fund invests primarily in common stocks with the most rapid growth of earnings regardless of market capitalization. Many of these are "emerging growth" companies that offer new or innovative products or services and have the potential to grow rapidly. This TLIC Separate Account invests in two categories of companies: those that have experienced above-average and consistent long-term growth in earnings and appear to have excellent prospects for growth in the future; and those that are currently enjoying a dramatic increase in profits. Stocks are bought and sold strictly on the basis of whether a company's quarterly earnings meet specific criteria. By adhering to this disciplined, unemotional investment approach, this TLIC Separate Account seeks to achieve consistent performance over the long term.


RISK/RETURN

"Emerging growth" stocks offer the potential for long-term growth, however, they also pose special risks because the prices of such stocks are likely to fluctuate widely. This Separate Account seeks to reduce these risks by diversifying its portfolio among a wide variety of stocks from a range of industries.
CHARGES FEES AND EXPENSES

There are no Investment Management or Administrative Charges applicable to the TR Transamerica AIM Constellation Fund Separate Account Portfolio. However, the assets in this Separate Account Portfolio are subject to the total operating expenses of the underlying Transamerica AIM Constellation Fund, which consists of the Investment Management Charge, which is 1.25% as of November 30, 2005.

 
Effective 09-30-12, the Invesco Van Kampen American Franchise Ret Acct changed its name to the Invesco American Franchise Ret Acct. Effective 06-29-12, the Invesco Capital Appreciation Ret Acct changed its name to the Invesco Van Kampen American Franchise Ret Acct. This Separate Account (SA) invests in the Invesco American Franchise Ret Opt (Class 8), a TLIC SA. Effective 04-25-12, the underlying TLIC SA invests in the Invesco American Franchise Fund (Class A Shares) and is subject to TLIC Separate Account Maintenance (SAM) Charges, SA Administrative (Admin) Charges and the underlying mutual fund expenses. Prior to 04-25-12, the underlying TLIC SA was advised by Invesco Advisers, Inc. and was subject to different SAM and SA Admin Charges. Effective 05-14-10, the AIM Capital Appreciation Ret Acct changed its name to the Invesco Capital Appreciation Ret Acct. Prior to 01-14-05, the TLIC SA invested in the AIM Constellation Fund (Class A Shares) and was subject to different TLIC SAM Charges, SA Admin Charges and the underlying mutual fund expenses. No adjustments have been made to performance prior to 04-25-12 to reflect the difference between the charges and expenses for the underlying TLIC SA advised by Invesco Advisers, Inc. from the charges for the underlying TLIC SA invested in the Invesco American Franchise Fund. Also, no adjustments have been made to performance prior to 01-14-05 to reflect the difference between the charges and expenses for the TLIC SA invested in the mutual fund from the charges for the sub-advised TLIC SA.