PBHG INSURANCE SERIES FUND, INC.
SUPPLEMENT DATED MAY 22, 1998 TO THE
PROSPECTUS DATED MAY 1, 1998
This Supplement updates certain information contained in the above-dated
Prospectus. You should retain both this Supplement and the Prospectus for future
reference. You may obtain an additional copy of the Prospectus, free of charge,
by calling 1-800-347-9256.
Effective May 22, 1998, Jeffrey A. Wrona, CFA and Michael S. Hahn, CFA are
co-portfolio managers of the PBHG Technology & Communications Portfolio. Mr.
Wrona holds a Master's Degree in Business Administration and a Bachelor's Degree
in Engineering from the University of Michigan. Mr. Wrona joined the Adviser in
1997. Mr. Wrona served for seven years as a Senior Portfolio Manager at Munder
Capital Management where he co-founded Munder's Mid-Cap Growth product and
managed mutual fund and separate account portfolios. Mr. Wrona's prior
experience includes securities analysis at Drexel Burnham Lambert. Mr. Wrona
began his business career as a product design engineer with Ford Motor Company.
Mr. Hahn holds a Master's Degree in Finance from the University of Maryland
and a Bachelor's Degree from The Pennsylvania State University. Mr. Hahn joined
the Adviser in 1997. Prior to joining the Adviser, Mr. Hahn was an Assistant
Portfolio Manager for First National Bank of Maryland. Michael's experience also
includes positions in corporate finance/accounting for IBM-Federal Systems and
residential real estate management with Southern Management.
<PAGE>
PBHG INSURANCE SERIES FUND, INC.
SUPPLEMENT DATED MAY 22, 1998 TO THE
PROSPECTUS DATED MAY 1, 1998
PBHG GROWTH II PORTFOLIO
PBHG TECHNOLOGY & COMMUNICATIONS PORTFOLIO
This Supplement updates certain information contained in the above-dated
Prospectus. You should retain both this Supplement and the Prospectus for future
reference. You may obtain an additional copy of the Prospectus, free of charge,
by calling 1-800-347-9256.
Effective May 22, 1998, Jeffrey A. Wrona, CFA and Michael S. Hahn, CFA are
co-portfolio managers of the PBHG Technology & Communications Portfolio. Mr.
Wrona holds a Master's Degree in Business Administration and a Bachelor's Degree
in Engineering from the University of Michigan. Mr. Wrona joined the Adviser in
1997. Mr. Wrona served for seven years as a Senior Portfolio Manager at Munder
Capital Management where he co-founded Munder's Mid-Cap Growth product and
managed mutual fund and separate account portfolios. Mr. Wrona's prior
experience includes securities analysis at Drexel Burnham Lambert. Mr. Wrona
began his business career as a product design engineer with Ford Motor Company.
Mr. Hahn holds a Master's Degree in Finance from the University of Maryland
and a Bachelor's Degree from The Pennsylvania State University. Mr. Hahn joined
the Adviser in 1997. Prior to joining the Adviser, Mr. Hahn was an Assistant
Portfolio Manager for First National Bank of Maryland. Michael's experience also
includes positions in corporate finance/accounting for IBM-Federal Systems and
residential real estate management with Southern Management.
<PAGE>
PBHG INSURANCE SERIES FUND, INC.
SUPPLEMENT DATED MAY 22, 1998 TO THE
PROSPECTUS DATED MAY 1, 1998
PBHG GROWTH II PORTFOLIO
PBHG SMALL CAP VALUE PORTFOLIO
PBHG LARGE CAP VALUE PORTFOLIO
PBHG TECHNOLOGY & COMMUNICATIONS PORTFOLIO
PBHG SELECT 20 PORTFOLIO
This Supplement updates certain information contained in the above-dated
Prospectus. You should retain both this Supplement and the Prospectus for future
reference. You may obtain an additional copy of the Prospectus, free of charge,
by calling 1-800-347-9256.
Effective May 22, 1998, Jeffrey A. Wrona, CFA and Michael S. Hahn, CFA are
co-portfolio managers of the PBHG Technology & Communications Portfolio. Mr.
Wrona holds a Master's Degree in Business Administration and a Bachelor's Degree
in Engineering from the University of Michigan. Mr. Wrona joined the Adviser in
1997. Mr. Wrona served for seven years as a Senior Porttolio Manager at Munder
Capital Management where he co-founded Munder's Mid-Cap Growth product and
managed mutual fund and separate account portfolios. Mr. Wrona's prior
experience includes securities analysis at Drexel Burnham Lambert. Mr. Wrona
began his business career as a product design engineer with Ford Motor Company.
Mr. Hahn holds a Master's Degree in Finance from the University of Maryland
and a Bachelor's Degree from The Pennsylvania State University. Mr. Hahn joined
the Adviser in 1997. Prior to joining the Adviser, Mr. Hahn was an Assistant
Portfolio Manager for First National Bank of Maryland. Michael's experience also
includes positions in corporate finance/accounting for IBM-Federal Systems and
residential real estate management with Southern Management
<PAGE>
PBHG INSURANCE SERIES FUND, INC.
SUPPLEMENT DATED MAY 22, 1998 TO THE
PROSPECTUS DATED MAY 1, 1998
PBHG GROWTH II PORTFOLIO
PBHG LARGE CAP GROWTH PORTFOLIO
PBHG TECHNOLOGY & COMMUNICATIONS PORTFOLIO
This Supplement updates certain information contained in the above-dated
Prospectus. You should retain both this Supplement and the Prospectus for future
reference. You may obtain an additional copy of the Prospectus, free of charge,
by calling 1-800-347-9256.
Effective May 22, 1998, Jeffrey A. Wrona, CFA and Michael S. Hahn, CFA are
co-portfolio managers of the PBHG Technology & Communications Portfolio. Mr.
Wrona holds a Master's Degree in Business Administration and a Bachelor's Degree
in Engineering from the University of Michigan. Mr. Wrona joined the Adviser in
1997. Mr. Wrona served for seven years as a Senior Portfolio Manager at Munder
Capital Management where he co-founded Munder's Mid-Cap Growth product and
managed mutual fund and separate account portfolios. Mr. Wrona's prior
experience includes securities analysis at Drexel Burnham Lambert. Mr. Wrona
began his business career as a product design engineer with Ford Motor Company.
Mr. Hahn holds a Master's Degree in Finance from the University of Maryland
and a Bachelor's Degree from The Pennsylvania State University. Mr. Hahn joined
the Adviser in 1997. Prior to joining the Adviser, Mr. Hahn was an Assistant
Portfolio Manager for First National Bank of Maryland. Michael's experience also
includes positions in corporate finance/accounting for IBM-Federal Systems and
residential real estate management with Southern Management.
