MASON STREET FUNDS INC
497, 2001-01-12
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153053
                SUPPLEMENT TO THE PROSPECTUS
                     DATED JUNE 30, 2000
                  MASON STREET FUNDS, INC.


      Steven  P.  Swanson, Managing Director of Northwestern
Investment Management Company, joined Northwestern Mutual in
1981. He received a B.A. degree from Lawrence University and
an  M.B.A. from the University of Michigan.  Mr. Swanson  is
the   head  of  the  high  yield  division  of  Northwestern
Investment  Management Company and manages  the  high  yield
fixed    income    securities   of   Northwestern    Mutual.
Mr.  Swanson is a co-manager of the High Yield Bond Fund and
is also a co-manager of the High Yield Bond Portfolio of the
Series Fund.

      Timothy  S. Collins, Managing Director of Northwestern
Investment Management Company, joined Northwestern Mutual in
1986.   Mr.  Collins  is a Chartered Financial  Analyst  and
holds  a B.A. degree from St. Norbert College and an  M.B.A.
from the University of Wisconsin - Madison.  Mr. Collins  is
the  director  of  research of the high  yield  division  of
Northwestern  Mutual  Investment  Management  Company.   Mr.
Collins is a co-manager of the High Yield Bond Fund  and  is
also  a  co-manager of the High Yield Bond Portfolio of  the
Series Fund.


 The date of this Prospectus Supplement is January 2, 2001.








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