GAMNA SERIES FUNDS, INC.
Supplement dated September 24, 1999 to the
Statement of Additional Information dated July 23, 1999
On page 9, the fifth full paragraph in the section "REDUCED SALES CHARGES"
should be changed to read as follows:
The Fund may sell Class A Shares without an initial
sales charge to (i) the Directors of the Company (and their
immediate families), (ii) GAMNA, its affiliates and their
directors and employees (and their immediate families),
(iii) the Fund's Distributor and transfer agent or any
affiliates or subsidiaries thereof, registered
representatives and other employees (and their immediate
families) of broker-dealers having selected dealer
agreements with the Fund's Distributor, (iv) the Fund's
counsel and its employees (and their immediate families),
(v) employees (and their immediate families) of financial
institutions having selected dealer agreements with the
Fund's Distributor (or otherwise having an arrangement with
a broker-dealer or financial institution with respect to
sales of GAMNA Focus Fund Shares), (vi) participants in
"wrap-fee" or asset allocation programs or other fee-based
arrangements sponsored by broker-dealers and other financial
institutions that have entered into agreements with GAMNA,
and (vii) financial institution trust departments investing
an aggregate of $1 million or more in GAMNA Focus Fund.
