PANORAMA SERIES FUND, INC.
LifeSpan Capital Appreciation Portfolio
LifeSpan Balanced Portfolio
LifeSpan Diversified Income Portfolio
Supplement dated June 1, 2000 to the
Prospectus dated May 1, 2000
1. The Prospectus is changed by deleting the box captioned "Value/Growth and
Growth/Income Stock Components" on page 17 and replacing it 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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June 1, 2000 PANPS.010
<PAGE>
PANORAMA SERIES FUND, INC.
Supplement dated June 1, 2000 to the
Statement of Additional Information dated May 1, 2000
The Statement of Additional Information is revised as follows:
1. The supplement dated May 11, 2000 to the Statement of Additional
Information dated May 1, 2000 is replaced by this sticker.
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 component of the
LifeSpan Capital Appreciation Portfolio, the LifeSpan Balanced Portfolio,
and the LifeSpan Diversified Income Portfolio, Age: 41
3. The biographies for Messrs. Antos, Strathearn and White on pages 39, 40
and 41 are hereby deleted.
June 1, 2000 PANPX.011
