THE LUTHERAN BROTHERHOOD FAMILY OF FUNDS
Supplement to Prospectus Dated
December 29, 2000
Relating to Lutheran Brotherhood High Yield Fund
Effective January 12, 2001, Paul J. Ocenasek, Assistant Vice President
of Lutheran Brotherhood Research Corp., and Mark L. Simenstad, Vice
President of Lutheran Brotherhood Research Corp., will serve as co-portfolio
managers of Lutheran Brotherhood High Yield Fund. Mr. Ocenasek has served
as the portfolio manager of LB High Yield Fund since 1997. Mr. Ocenasek has
been with Lutheran Brotherhood and LB Research since 1987, and served as
fixed-income analyst from 1987 to 1993 and a bond portfolio manager for
Lutheran Brotherhood from 1993 until 1997. Mr. Simenstad was employed by
Lutheran Brotherhood and LB Research from 1983 to 1993, serving as an
analyst, research director, and portfolio manager. Mr. Simenstad then
served as a portfolio manager with Investment Advisors, Inc. from 1993 to
1996, and chief investment officer for fixed-income investing at Voyageur
Asset Management from 1996 until re-joining Lutheran Brotherhood in 1999.
Effective January 12, 2001, Mr. Simenstad also will serve as the co-
portfolio manager of the High Yield Portfolio of LB Series Fund, Inc., and
he continues to serve as the portfolio manager of the Income Portfolio of LB
Series Fund, Inc., a position he has held since 1999.
January 16, 2001
PLEASE INCLUDE THIS SUPPLEMENT WITH YOUR PROSPECTUS
