Rule 497(e)
File Nos. 811-3364
2-75503
MAXIM SERIES FUND, INC.
Supplement dated May 26, 2000
To Prospectus dated May 1, 2000
Pursuant to a shareholder vote on May 25, 2000, the sub-classification of the
Maxim Growth Index Portfolio was changed from diversified to non-diversified.
Please refer to page 37 of the prospectus for information concerning this
Portfolio, including the meaning of, and the risks associated with,
non-diversification.
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MAXIM SERIES FUND, INC.
Supplement dated May 26, 2000
To Statement of Additional Information dated May 1, 2000
Pursuant to a shareholder vote on May 25, 2000, the sub-classification of the
Maxim Growth Index Portfolio was changed from diversified to non-diversified.
Accordingly, the following changes are made to the Statement of Additional
Information:
1. The second sentence under "Non-Diversified Portfolios" on page
1 is revised to read, "The Maxim Short-Term Maturity Bond,
Maxim Global Bond, Maxim U.S. Government Mortgage Securities
and Maxim Growth Index Portfolios are considered
"non-diversified" because each may invest a greater percentage
of its assets in a particular issuer or group of issuers than
a diversified fund would."
2. The last sentence of the first investment limitation under
"Investment Limitations" on page 2 is revised to read, "This
investment restriction does not apply to the Maxim Global
Bond, Maxim U.S. Government Mortgage Securities, Maxim
Short-Term Maturity Bond or Maxim Growth Index Portfolios.
