Supplement, dated April 2, 1998, to the prospectus, dated December 1,
1997,
of
Seligman Value Fund Series, Inc. (the "Fund")
The following supersedes the related information set forth in the
Fund's prospectus.
Prior to March 30, 1998, the Manager was party to a Subadvisory
Agreement with Seligman Henderson Co. pursuant to which Seligman
Henderson Co. agreed to provide investment advisory services to the Fund
in respect of foreign assets to the extent requested by the Manager. No
such advice was ever provided and on March 30, 1998, the Subadvisory
Agreement terminated in accordance with its terms. The Manager has no
present plans to enter into similar subadvisory arrangements in respect
of the Fund.
EQVAS2-4/98
