INVESTORS MARK SERIES FUND INC
497, 1999-07-26
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                        INVESTORS MARK SERIES FUND, INC.

                        SUPPLEMENT DATED JULY 16, 1999 TO
                          PROSPECTUS DATED MAY 3, 1999



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

Sub-Advisers - Stein Roe & Farnham Incorporated

The third paragraph of this section is modified as follows:

     The Small Cap Equity Portfolio Manager is William M. Garrison. Mr. Garrison
assumed full  responsibility  for the management of the Portfolio as of the date
of this Supplement. The Portfolio will continue to follow its current investment
philosophy seeking long-term capital  appreciation  through investment in stocks
of  small,  growing  companies.  Mr.  Garrison  had,  prior  to the date of this
Supplement, co-managed the Portfolio.


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