PBHG INSURANCE SERIES FUND, INC.
SUPPLEMENT DATED NOVEMBER 1, 1999
To the Prospectus Dated May 1, 1999
This Supplement updates certain information contained in the Prospectus, as
supplemented on May 28, 1999. You should retain the Prospectus and all
Supplements for future reference. You may obtain an additional copy of the
Prospectus, as supplemented, free of charge, by calling 1-800-347-9256.
Effective immediately, Michael S. Sutton, CFA, manages the PBHG Select 20
Portfolio. Mr. Sutton joined Pilgrim Baxter & Associates, Ltd. in October, 1999,
from Loomis, Sayles & Co., where he worked for seven years as a portfolio
manager of several large cap growth portfolios. Prior to his tenure with Loomis
Sayles & Co., Mr. Sutton was a large cap growth portfolio manager with Stein,
Roe & Farnham. Mr. Sutton received his BS in Finance, MBA and JD from Florida
State University.
