Standard Life Dividend Growth & Income Portfolio

The objective of this Portfolio is to achieve long-term capital growth. The Portfolio primarily invests in a diversified mix of funds, with a focus on dividend growth and monthly income funds. The Dividend Growth & Income Portfolio is ideal for securityholders willing to accept an average level of investment risk.

We reserve the right to modify, without prior notice, the tactical mix, percentage range and choice of funds as long as the change respects the objectives of the portfolio.

Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

This summary is provided for information purposes only and is current as of September 30, 2010.