PANORAMA SERIES FUND, INC.
LifeSpan Capital Appreciation Portfolio
LifeSpan Balanced Portfolio
LifeSpan Diversified Income Portfolio
Supplement dated June 6, 2000 to the
Prospectus dated May 1, 2000
The Prospectus is revised as follows:
1. The supplements dated May 11, 2000 and June 1, 2000 to the Prospectus
dated May 1, 2000 are replaced by this supplement.
2. The box captioned "International Stock Component" on page 16 is hereby
deleted and replaced with the following:
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International Stock Component
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Year Became
Portfolio Manager Portfolio Manager Business Experience
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Vice President of the Manager
and of Panorama Series Fund,
Inc.; an officer and
portfolio manager of other
Alan Gilston 2000 Oppenheimer funds; he has
been employed as a portfolio
manager by the Manager since
1997.
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3. The box captioned "Value/Growth and Growth/Income Stock Components" on
page 17 is hereby deleted and replaced with the following:
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Value/Growth and Growth/Income Stock Components
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Year Became
Portfolio Manager Portfolio Manager Business Experience
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----------------------------------------------------------------------
Vice President of the Manager
and of Panorama Series Fund,
Inc.; an officer and
portfolio manager of other
Alan Gilston 2000 Oppenheimer funds; he has
been employed as a portfolio
manager by the Manager since
1997.
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4. The box captioned "Short-Term Bonds and Government/Corporate Bonds
Components" on page 17 is hereby deleted and replaced with the following:
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Short-Term Bonds and Government/Corporate Bonds Components
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Year Became
Portfolio Manager Portfolio Manager Business Experience
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Senior Vice President of the
Manager; an officer of other
Oppenheimer funds; formerly
Managing Director and Senior
John Kowalik 2000 Portfolio Manager at
Prudential Global Advisors.
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June 6, 2000 PANPS.011
<PAGE>
PANORAMA SERIES FUND, INC.
Supplement dated June 6, 2000 to the Statement of
Additional Information dated May 1, 2000
The Statement of Additional Information is revised as follows:
1. The Supplements dated May 11, 2000 and June 1, 2000 to the Statement of
Additional Information dated May 1, 2000 are replaced by this supplement.
The first sentence of the biography of George Evans on page 40 is deleted
and replaced with the following:
George Evans, Vice President and Portfolio Manager of International
Growth Fund/VA, Age: 40
Two World Trade Center, New York, NY 10048-0203
2. The first sentence of the biography of Alan Gilston on page 40 is deleted
and replaced with the following:
Alan Gilston, Vice President and Portfolio Manager of the Small Cap stock
component and the International stock component of LifeSpan Capital
Appreciation Portfolio and LifeSpan Balanced Portfolio, and Portfolio
Manager of the Value/Growth and Growth/Income stock components of the
LifeSpan Portfolios, Age: 41
3. The first sentence of the biography of John S. Kowalik on page 40 is
deleted and replaced with the following:
John Kowalik, Vice President and Portfolio Manager of Government
Securities Portfolio and Portfolio Manager of the Short-Term Bonds and
Government/Corporate Bonds components of the LifeSpan Portfolios, Age: 42
4. The biographies for Messrs. Antos, Libera, Strathearn and White on pages
39, 40 and 41 are hereby deleted.
June 6, 2000 PANPX.012
