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SECURITY FUNDS
PROSPECTUS
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SECURITY INCOME FUND
Corporate Bond Series
Limited Maturity Bond Series
Government Series
Global Aggressive Bond Series
SECURITY TAX EXEMPT FUND
SECURITY CASH FUND
MEMBERS OF THE SECURITY BENEFIT GROUP OF COMPANIES, 700 S.W. HARRISON, TOPEKA,
KANSAS 66636-0001
PROSPECTUS SUPPLEMENT DATED MARCH 14, 1996
TO PROSPECTUS DATED NOVEMBER 1, 1995, AS SUPPLEMENTED FEBRUARY 2, 1996
Page 39 of the Prospectus, under the heading "PURCHASES AT NET ASSET VALUE" is
amended by adding the following paragraph: From March 17, 1996 thru April 30,
1996, Class A shares of Corporate Bond, Limited Maturity Bond and Government
Funds will be offered at net asset value without a sales charge to natural
persons who are residents of Kansas and who submit a coupon provided by the
Distributor with their order. The coupon will be made available through
advertising sponsored by the Distributor and will also be provided to any Kansas
resident that requests one from the Distributor. Only purchases accompanied by
the coupon will be made at net asset value. Dealers effecting transactions in
these Funds for such investors will be paid by the Distributor, the standard
reallowance as outlined on page 34 of the Prospectus. This offer may be modified
or terminated without notice prior to April 30,1996. Investor questions may be
directed to the Distributor at 1-800-888-2461, extension 5176.
