GAMNA SERIES FUNDS, INC.
Supplement dated September 1, 1999 to the
Prospectus dated July 23, 1999
The table on page 3 under the heading "Annual Fund Operating Expenses
(expenses that are deducted from Fund assets)" should be deleted and the
following table substituted in its place:
Distri-
bution Total
and Annual
Service Fund
Class of Management (12B-1) Other Operating Fee Net
Shares Fee Fees Expenses Expenses Waiver Expenses
- -------- ---------- -------- -------- -------- ------ --------
Class A . 0.55% 0.25% 0.50% 1.30% 0.13% 1.17%
Class B . 0.55% 1.00% 0.53% 2.08% 0.18% 1.90%
Class C . 0.55% 1.00% 0.53% 2.08% 0.18% 1.90%
The table on page 4 under the heading "IF YOU SELL YOUR SHARES:" should be
deleted and the following table substituted in its place:
1 Year 3 Years
------ -------
Class A Shares* . . . . . . . . . . . . . . . $695 $949
Class B Shares** . . . . . . . . . . . . . . $708 $926
Class C Shares** . . . . . . . . . . . . . . $296 $597
* Assumes sales charge is deducted when shares are purchased.
** Assumes applicable deferred sales charge is deducted when shares are
sold.
The second sentence of the paragraph on page 8 titled "Rule 12b-1 Fees"
should be changed to read as follows:
The Fund has adopted Rule 12b-1 distribution plans
under which it pays annual distribution fees of up
to 0.75% of the average daily net assets
attributable to Class B and Class C Shares.
