AMENDMENT NO. 7 TO INVESTMENT ADVISORY AGREEMENT

AMENDMENT NO. 7 TO INVESTMENT ADVISORY AGREEMENT

     This AMENDMENT NO. 7 to the INVESTMENT ADVISORY AGREEMENT (the “Amendment”) is effective as of March 10, 2008, by and among THE VARIABLE ANNUITY LIFE INSURANCE COMPANY (“VALIC”) and VALIC COMPANY I (“VC I”).

RECITALS

     WHEREAS, VALIC and VALIC Company I (“VC I”) entered into an Investment Advisory Agreement dated January 1, 2002, as amended (the “Agreement”), with respect to the funds listed in Schedule A (the “Covered Funds”); and

     WHEREAS, the parties wish to amend Schedule A to the Agreement to reflect the addition of the Real Estate Fund as a Covered Fund; and

     NOW, THEREFORE, in consideration of the mutual promises set forth herein, VALIC and VC I agree as follows:

	1.		Schedule A Amendment. Schedule A is amended to reflect the addition of the Real Estate Fund as a Covered Fund.
	2.		Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument.
	3.		Full Force and Effect. Except as expressly supplemented, amended or consented to hereby, all of the representations, warranties, terms, covenants and conditions of the Agreement shall remain unamended and shall continue to be in full force and effect.

     IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 7 as of the date first above written.

THE VARIABLE ANNUITY LIFE INSURANCE COMPANY						VALIC COMPANY I
By:						By:
Name:		Xxxxxx X. Xxxxxx				Name:		Xxxx X. Xxxxxx
Title:		Senior Vice President				Title:		Vice President & Secretary

VALIC COMPANY I
SCHEDULE A
to Investment Advisory Agreement
(Effective March 10, 2008)

COVERED FUNDS

Annual Fee computed at the following annual rate, based on average monthly net assets value and payable monthly:

		Asset Allocation Fund		0.50%
		Blue Chip Growth Fund		0.75%
		Broad Cap Value Income Fund		0.70% on the first $250 million
				0.65% on the next $250 million
				0.60% on the next $500 million
				0.55% on assets over $1 billion
		Capital Conservation Fund		0.50% on first $250 million
				0.45% on the next $250 million
				0.40% on the next $500 million
				0.35% on assets over $1 billion
		Core Equity Fund		0.80% on first $250 million
				0.75% on the next $250 million
				0.70% on the next $500 million
				0.65% on assets over $1 billion
		Core Value Fund		0.77% on the first $250 million
				0.72% on the next $250 million
				0.67% on the next $500 million
		Foreign Value Fund		0.73% on the first $250 million
				0.68% on the next $250 million
				0.63% on the next $500 million
				0.58% on assets over $1 billion
		Global Equity Fund		0.82% on the first $250 million
				0.77% on the next $250 million
				0.72% on the next $500 million
				0.67% over $1 billion
		Global Social Awareness Fund		0.50%
		Global Strategy Fund		0.50%
		Government Securities Fund		0.50% on first $250 million
				0.45% on next $250 million
				0.40% on the next $500 million
				0.35% on assets over $1 billion
		Growth and Income Fund		0.75%

		Growth Fund		0.83% on the first $250 million
				0.78% on the next $250 million
				0.73% on the next $500 million
				0.68% on assets over $1 billion
		Health Sciences Fund		1.00% on first $500 million
				0.95% on assets over $500 million
		Inflation Protected Fund		0.50% on the first $250 million
				0.45% on the next $250 million
				0.40% on assets over $500 million
		International Equities Fund		0.35% on the first $500 million
				0.25% on assets over $500 million
		International Government Bond Fund		0.50% on the first $250 million
				0.45% on the next $250 million
				0.40% on the next $500 million
				0.35% on assets over $1 billion
		International Growth I Fund		0.95% on the first $250 million
				0.90% on the next $250 million
				0.85% on the next $500 million
				0.80% on assets over $1 billion
		Large Cap Core Fund		0.70% on the first $250 million
				0.65% on the next $250 million
				0.60% on the next $500 million
				.055% on assets over $1 billion
		Large Capital Growth Fund		0.75% on the first $250 million
				0.70% on the next $250 million
				0.65% on assets over $500 million
		Mid Cap Index Fund		0.35% on the first $500 million
				0.25% on the next $2.5 billion
				0.20% on the next $2 billion
				0.15% on assets over $5 billion
		Mid Cap Strategic Growth Fund		0.70% on the first $250 million
				0.65% on the next $250 million
				0.60% on assets over $500 million
		Money Market I Fund		0.40%
		Nasdaq-100Ò Index Fund		0.40%
		Real Estate Fund		0.75% on the first $250 million
				0.70% on the next $250 million
				0.65% on assets over $500 million
		Science & Technology Fund		0.90% on the first $500 million
				0.85% on assets over $500 million
		Small Cap Aggressive Growth Fund		0.85% on the first $250 million

				0.75% on assets over $250 million
		Small Cap Fund		0.90% on the first $250 million
				0.85% on the next $250 million
				0.80% on the next $500 million
				0.75% on assets over $1 billion
		Small Cap Index Fund		0.35% on the first $500 million
				0.25% on the next $2.5
				0.20% on the next $3 billion to $5 billion
				0.15% on assets over $5 billion
		Small Cap Special Values Fund		0.75% on the first $500 million
				0.70% on assets over $500 million
		Small-Mid Growth Fund		0.85% on the first $250 million
				0.75% on assets over $250 million
		Stock Index Fund		0.35% on the first $500 million
				0.25% on the next $2.5 billion
				0.20% on the next $2 billion
				0.15% on assets over $5 billion
		Value Fund		0.78% on the first $250 million
				0.73% on the next $250 million
				0.68% on the next $500 million
				0.63% on assets over $1 billion