INVESTORS MARK SERIES FUND INC
497, 1999-05-27
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                        INVESTORS MARK SERIES FUND, INC.

                        SUPPLEMENT DATED MAY 27, 1999 TO
                          PROSPECTUS DATED MAY 3, 1999



Please note that the following changes should be made to the Prospectus:

Additional Information

The toll-free telephone number should be 1-888-262-8131.


Sub-Advisers - David L. Babson & Co. Inc.

The second paragraph on page 24 is replaced in its entirety by the following:

     The Large  Cap  Value  Portfolio  manager  is  Anthony  M.  Maramarco.  Mr.
Maramarco also manages the Babson Value Fund. He joined David L. Babson & Co. in
1996 and has over 18 years of investment management experience. Mr. Maramarco is
a Chartered Financial Analyst.


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