NORTHWESTERN MUTUAL LIFE
SUPPLEMENT TO THE PROSPECTUS
DATED APRIL 30, 1997
NORTHWESTERN MUTUAL SERIES FUND, INC.
PORTFOLIO MANAGERS
Gary R. Clemons, Senior Vice President, Portfolio
Management/Research of Templeton Investment Counsel, Inc., is the
manager for the International Equity Portfolio, replacing Marc S.
Joseph on May 23, 1997. Mr. Clemons joined Templeton Investment
Counsel in 1993. Prior to joining Templeton Investment Counsel,
Mr. Clemons worked as a portfolio manager/research analyst for
Templeton Quantitative Advisers in New York, a subsidiary of
Templeton International. Mr. Clemons holds an M.B.A. with
emphasis in finance from the University of Wisconsin-Madison and
a B.S. degree from the University of Nevada-Reno.
Timothy S. Collins, Director - High Yield Bonds of Northwestern
Investment Management Company, has replaced Steven P. Swanson as
the portfolio manager of the High Yield Bond Portfolio. Mr.
Collins joined Northwestern Mutual Life in 1986. He received a
B.A. degree from St. Norbert College and an M.B.A. from the
University of Wisconsin-Madison. Mr. Collins is a Chartered
Financial Analyst. He also manages high yield fixed income
securities of Northwestern Mutual Life.
The date of this Prospectus Supplement is January 15, 1998.
HOL03 66382
