PBHG INSURANCE SERIES FUND, INC.
SUPPLEMENT DATED MAY 28, 1999
To the Prospectus Dated May 1, 1999
This Supplement updates certain information contained in the
Prospectus. You should retain both this Supplement and the Prospectus for future
reference. You may obtain an additional copy of the Prospectus, as supplemented,
free of charge, by calling 1-800-347-9256.
Effective May 1, 1999, Jeffrey A. Wrona manages the PBHG Technology &
Communications Portfolio. Prior to May 1, 1999, Mr. Wrona co-managed this
Portfolio. A discussion of Mr. Wrona's prior business experience begins on page
23 of the Prospectus.
Effective May 28, 1999, the Large Cap Growth Portfolio and the Select
20 Portfolio are managed by a team of investment professionals lead by Gary L.
Pilgrim, CFA. Mr. Pilgrim has served as the Chief Investment Officer for the
Adviser since 1990 and also serves as a Director of the Adviser.
