Supplement, dated December 21, 1999, to the
Statement of Additional Information, dated June 1, 1999,
of Seligman Value Fund Series, Inc. (the "Series")
on behalf of its
Seligman Large-Cap Value Fund and
Seligman Small-Cap Value Fund
The following new disclosure is added as the last paragraph under "Description
of the Series and its Investments and Risks -- Fund Policies" on page 5 of
the Series' Statement of Additional Information:
"Each Fund also may not acquire any securities of a registered open-end
investment company or a registered unit investment trust in reliance on
subparagraph (F) or subparagraph (G) of Section 12(d)(1) of the Investment
Company Act of 1940, as amended (1940 Act). This policy is not fundamental."
EQVA1 - SUPP 12/1999
