How should I allocate my 401(k)?

I am 46 years old and here is a list of the funds available:

Money Market fund
PIMCO Total Return
American Washington Mutual Investors fund
Davis NY Venture Fund
Mutual Beacon Fund
River Source Mid cap value fund
Legg Mason Small cap fund
Munder small cap opportunites
Fidelity contra fund
Templeton World fund
Oppenheimer global fund
Templeton Foreign fund
AIM constellation
DWS Mid cap growth
John Hancock Small cap growth

Any suggestions would be very helpful

You should recognise that post Ronald Reagan Courts are the risky portion of all finance. In a heartbeat the courts could target you, take everything you have ever had or ever will have, for no reason save their greed.

I was divorced from a dead woman. Holly B. Tweedy was shot dead in 1988. I was divorced from Holly B Tweedy in 1998. I "owe" $100,000. I am ordered to earn $30,000 PER YEAR. I was shot by police, who were acting in pirate capacity, under Ronald Reagan's "drug sales for Contra's" blanket pardon, at the same time as Holly. I was shot through the head. Later cops would shoot me again. Then Again. Then Again. Etc. Yet I'm still ordered to earn $30,000 per year. We even have laws, statutes that protect me from orders of child support, due to my injuries, but the courts refuse to drop the ridicule. I face up to 2.5 years hard time in federal prison at forced labor (I don't know what it is today but in 1961 the published stats said forced laborers had a life expectancy of two years). I face any amount of time in local prisons. I most fear the fact that a judge today can legally find the jails "overcrowded" and thus order me into a private prison - perhaps in his basement. (Don't laugh, there is precedent for this in US law). The "gimp" scene in Pulp fiction is not so far from reality as most "think".

So, hide your money. Get into hard currency, fast. All of it. Then you can at least bribe a guard. But don't keep it in banks. The banks cooperate with any order from courts, feudal or not. Keep it in the ground. Gold in large amounts can be seen from space these days by NASA with side scanning RADAR. So be intellegent. Keep it in Gold in small amounts. Keep it in gems. Store these like pack rats do for a "rainy day". These are times ruled by "wishfull thinking" and feudal courts, powered by secrecy inherent in "child protection law" and decades of Liberal legal traditions, which have pulled the wool over our eyes to the most modern form of mass hysteria, the "Ronald Reagan Revolution".

Templeton World Fund
American Funds Invesment Company of America
Highmark Funds Growth and Income Asset Allocation
Heritage Midcap Stock Fund
all have great money managers, in general stay away from insurance company products those guys are very tricky.

those are poor choices given to you...all but one tacks on a 5% fee....that is fidelity...go with fidelity and you will py far less in commissions thus make more money for yourself...check out the fees of the other ones and you will see what i mean...disgusting

Every ones' investment needs are different, as are their risk tolerances, so I can only give you a generic answer. The best funds on your list are the large cap names. I like Washington Mutual (20%), Davis NY Venture (15%) and Fidelity Contra (15%). Templeton Foreign is a reasonable International fund (15%). I like Pimco TR for fixed income exposure(16%) and 10% in a money market fund,especially if it yields over 5%. That leaves 9% for one of the small or midcap funds. I'm not familar with these, so research is needed. This is a moderately conservative portfolio so you could reduce the fixed income allottment if you are more aggressive. Again, this is just a generic portfolio and is not intended to be a specific recommendation.

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