PANORAMA SERIES FUND, INC.
Growth Portfolio
Supplement dated March 8, 2000 to the
Prospectus dated April 30, 1999
The paragraph captioned "Portfolio Managers" under the section "How the
Portfolio is Managed" on page 7 is deleted and replaced with the following:
The portfolio managers of the Portfolio are Charles Albers and
Nikolaos Monoyios, who are also Vice Presidents of the Company. They are
the persons primarily responsible for the day-to-day management of the
Portfolio's investments. Mr. Albers is a Senior Vice President of the
Manager and Mr. Monoyios is a Vice President of the Manager. Prior to
joining the Manager in April 1998, they were portfolio managers at
Guardian Investor Services (from 1972 and 1979, respectively), the
investment management subsidiary of The Guardian Life Insurance Company.
March 8, 2000 608PS.001
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PANORAMA SERIES FUND, INC.
Total Return Portfolio
Supplement dated March 1, 2000 to the
Prospectus dated April 30, 1999
The paragraph captioned "Portfolio Managers" under the section "How the
Portfolio is Managed" on page 8 is deleted and replaced with the following:
The portfolio managers of the Portfolio are Patrick Bisbey, David
Dalzell and Stephen Libera. They are the persons primarily responsible for
the day-to-day management of the Portfolio's investments. Messrs. Bisbey
and Dalzell became portfolio managers on March 1, 2000, and Mr. Libera has
been a portfolio manager of the Portfolio since 1982. Mr. Bisbey is a
Managing Director and Manager of Trading and Portfolio Operations (since
June, 1992) of Trinity Investment Management Corporation ("Trinity"), a
wholly-owned subsidiary of the Manager's immediate parent, Oppenheimer
Acquisition Corp. Mr. Dalzell is a research analyst and trader with
Trinity (since November, 1985), prior to which he was a financial
consultant with Merrill Lynch Pierce Fenner & Smith Incorporated and a
trader for First Chicago Trading Consultants. Mr. Libera is a Vice
President of the Manager. Before joining the Manager in 1996, Mr. Libera
was employed as a portfolio manager by Connecticut Mutual Life Insurance
Company. Each is a Vice President of the Company.
March 1, 2000 609PS.001
<PAGE>
PANORAMA SERIES FUND, INC.
Supplement dated March 8, 2000 to the
Statement of Additional Information dated April 30, 1999,
Revised January 1, 2000
1. The following is added to the section captioned "Directors and Officers
of the Company" on page 37:
Patrick Bisbey, Vice President and Portfolio Manager of Total Return
Portfolio, Age: 41
301 North Spring Street, Bellefonte, PA 16823
Managing Director and Manager of Trading and Portfolio Operations (since
June, 1992) of Trinity Investment Management Corporation ("Trinity"), a
wholly-owned subsidiary of OppenheimerFunds, Inc's immediate parent,
Oppenheimer Acquisition Corp.
David Dalzell, Vice President and Portfolio Manager of Total Return
Portfolio, Age: 33 301 North Spring Street, Bellefonte, PA 16823 Research
analyst and trader with Trinity (since November, 1995), prior to which he
was a financial consultant with Merrill Lynch Pierce Fenner & Smith
Incorporated and a trader for First Chicago Trading Consultants.
Charles Albers, Vice President and Portfolio Manager of Growth Portfolio,
Age: 59 Two World Trade Center, New York, New York 10048-0203 Senior Vice
President of the Manager (since April 1998); an officer of other
Oppenheimer funds; a Certified Financial Analyst; formerly a Vice
President and portfolio manager for Guardian Investor Services, the
investment management subsidiary of The Guardian Life Insurance Company
(since 1972).
Nikolaos D. Monoyios, Vice President and Portfolio Manager of Growth
Portfolio, Age: 60 Two World Trade Center, New York, New York 10048-0203
Vice President of the Manager (since April 1998); an officer of other
Oppenheimer funds; a Certified Financial Analyst; formerly a Vice
President and portfolio manager for Guardian Investor Services, the
investment management subsidiary of The Guardian Life Insurance Company
(since 1979).
2. The first sentence of the biography for Peter M. Antos in the section
captioned "Directors and Officers of the Company" on page 37 is revised
to read as follows:
Peter M. Antos, Vice President and Portfolio Manager of the
Value/Growth and Growth/Income stock components of the LifeSpan
Portfolios; Age: 52 . . . .
3. The first sentence of the biography for Stephen F. Libera in the section
captioned "Directors and Officers of the Company" on page 37 is revised
to read as follows:
Stephen F. Libera, Vice President and Portfolio Manager of the
Total Return Portfolio and the Short-Term Bonds and
Government/Corporate Bonds component of the LifeSpan Portfolios;
Age: 47 . . . .
4. The first sentence of the biography for Michael C. Strathearn in the
section captioned "Directors and Officers of the Company" on page 37 is
revised to read as follows:
Michael C. Strathearn, Vice President and Portfolio Manager of the
Value/Growth and Growth/Income stock components of the LifeSpan
Portfolios; Age: 45 . . . .
5. The first sentence of the biography for Kenneth B. White in the section
captioned "Directors and Officers of the Company" on page 37 is revised
to read as follows:
Kenneth B. White, Vice President and Portfolio Manager of the
Value/Growth and Growth/Income stock components of the LifeSpan
Portfolios; Age: 46 . . . .
6. The biography for Arthur J. Zimmer in the section captioned "Directors
and Officers of the Company" on page 37 is deleted in its entirety.
March 8, 2000 PANPX.009
