Supplement dated November 10, 1998
to the Statement of Additional Information
dated April 20, 1998
of the Exeter Fund, Inc.
Small Cap Series
Energy Series
Technology Series
Financial Services Series
International Series
Life Sciences Series
Global Fixed Income Series
New York Tax Exempt Series
Ohio Tax Exempt Series
Diversified Tax Exempt Series
World Opportunities Series
The Statement of Additional Information dated April 20, 1998 is hereby amended
and supplemented as follows. The third (3rd) sentence under "Year 2000
Technology Risk" on Page B-2 will be amended to read:
The Advisor is taking steps that it believes are reasonably designed to
address this potential problem and to obtain satisfactory assurance from other
service providers to the Fund and Series that they are also taking steps to
address the issue.
Dated: November 10, 1998
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