Rule 497(e)
File Nos. 811-3364
and 2-75503
MAXIM SERIES FUND, INC.
August 31, 2000 Supplement to
the May 1, 2000 Prospectus
On page , under the heading Maxim Bond Portfolio - Principal investment
strategies, the third bullet point should be deleted and replaced with the
following:
o Invest in securities with various maturities but maintaining a weighted
average life of 2 to 10 years.
Average life is the weighted average period over which the investment adviser
expects the principal to be paid, and differs from stated maturity in that
average life estimates the effect of expected principal prepayments, sinking
funds and call provisions. Securities without prepayment, sinking funds or call
provisions generally have an average life equal to their stated maturity.
