** Only available to shareholders with account registrations established prior to 5/01/06.

• Asset Type -- Stocks
• Rates High on the Risk Chart
• Fund Fact Sheet - Class A&B (PDF 55 KB) and R1,R2,R3
  

Investor profile: You may want to invest in the International Equity Fund if you can tolerate the price fluctuations and volatility that are inherent in investing in an international stock mutual fund, want to diversify your investments, are seeking a growth investment as part of an asset allocation program, and/or are investing for retirement or other goals that are many years in the future. You can open an account in this fund with a minimum initial investment of $250 ($50 by automatic investment).

You may not want to invest in the International Equity Fund if you are investing with a shorter investment time horizon in mind, are seeking income rather than capital appreciation, are uncomfortable investing in companies that are not located in the United States, or are uncomfortable with an investment whose value is likely to vary substantially.

Investment objective: Seeks long-term growth of capital.

Investment strategy: The International Equity Fund invests its assets primarily in common stocks of companies located in 15 European countries (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom), Australia, New Zealand, Hong Kong, Japan, and Singapore. The Fund may also invest in companies located in emerging markets. There is no restriction on the size of the companies in which the Fund invests.

Please read the Prospectus for more detailed information on expenses.

Risks

• Market risk
• Foreign investing risk
• Management risk

An investment in the International Equity Fund is not a deposit of any bank or other insured depository institution and is not insured or guaranteed by the FDIC or any other government agency. You can lose money by investing in the Fund.

It is important to note that there is market risk involved when investing in mutual funds, including possible loss of principal.

An automatic investment plan does not assure a profit and does not protect against loss in declining markets.  An automatic investment plan involves continuous investment in securities regardless of fluctuating prices.  You should consider your financial ability to continue purchases through periods of high or low price levels.

Investing in foreign securities involves risks not normally associated with investing in the U.S. including higher trading and custody costs, less stringent accounting, legal and reporting practices, potential for political and economic instability, and the fluctuation and potential regulation of currency exchange and exchange rates.

It is important to note that diversification does not assure a profit or protect against loss in a declining market.

State Farm VP Management Corp Risk/Important Disclosures. State Farm Mutual Funds Prospectus. The State Farm College Savings Plan Enrollment Handbook (PDF 553 KB) .

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AP2009/10/9804