SELIGMAN VALUE FUND SERIES INC
497, 1997-06-02
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   Supplement, dated June 2, 1997, to the prospectus, dated April 25, 1997
                                      of
                Seligman Value Fund Series, Inc. (the "Fund")


      The following replaces the last paragraph under "Purchase of Shares--Class
A Shares-- Initial Sales Load" in the Fund's Prospectus.


      Through  June 24,  1997,  dealers  will  receive  the full  sales  load in
accordance  with the sales  load  schedule  for Class A shares of the Series for
sales of up to $1,000,000.


EQVS1-6/97




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