Seasons Series Trust
Supplement to the Statement of Additional Information
dated February 1, 1999
The paragraph under the subheading "Diversification" on page
B-19 of the Statement of Additional Information is hereby
deleted and replaced with the following:
Diversification. Each Multi-Managed Seasons and Multi-
Managed Seasons Select Portfolio (except for the Diversified
Fixed Income Portfolio) is classified as "non-diversified"
for the purposes of the 1940 Act, which means that they are
not limited by the 1940 Act with regard to the portion of
assets that may be invested in the securities of a single
issuer. To the extent any such Portfolio makes investments
in excess of 5% of its assets in the securities of a
particular issuer, its exposure to the risks associated with
that issuer is increased.
DATED: March 3,1999
