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.
The weighted average life of a security takes into consideration the impact of
prepayments on the length of time the security will be outstanding and typically
indicates an actual maturity that is shorter than the maturity date stated on
the face of the instrument. Average life is the weighted average period over
which GW Capital Management 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.
