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SBL FUND
MEMBER OF THE SECURITY BENEFIT GROUP OF COMPANIES
700 HARRISON, TOPEKA, KANSAS 66636-0001
SUPPLEMENT DATED SEPTEMBER 13, 1999
TO PROSPECTUS DATED JULY 23, 1999
THE REFERENCE TO "SIDNEY HOOTS" IN THE "PORTFOLIO MANAGERS" SECTION OF THE
PROSPECTUS IS DELETED IN ITS ENTIRETY AND REPLACED WITH THE FOLLOWING:
CRAIG RUSSELL, Managing Director of Bankers Trust, has been co-manager of Series
H (Enhanced Index Series) since July 1999. He joined Bankers Trust in 1992 and
has over 10 years of investment experience. He has a B.S. degree in Engineering
from the University of Michigan.
MANISH KESHIVE, Vice President of Bankers Trust, has been co-manager of Series H
(Enhanced Index Series) since July 1999. He joined Bankers Trust in 1996. He
earned a B.S. degree in Technology from the Indian Institute of Technology in
1993 and an M.S. degree from the Massachusetts Institute of Technology in 1995.
