SELIGMAN HIGH INCOME FUND SERIES
497, 1997-12-16
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Supplement, dated December 16, 1997, to the prospectuses, dated May 1, 1997
                                    of
                   Seligman High-Yield Bond Series and
      Seligman U.S. Government Securities Series (each, a "Series")


      The following  supercedes the  information set forth in each Series'
prospectus under "Purchase of Shares--Special Programs."

      Shareholders who redeem other mutual funds with objectives and
policies similar to the Series, and use the redemption proceeds to
purchase shares of the Series, will no longer be exempt from the sales
load on Class A shares.

                                             

      The following  supersedes the  information set forth in each Series'
prospectus under "Purchase of Shares--Contingent Deferred Sales Load."

      For accounts  established  after  January 1, 1998,  the CDSL will be
waived  or  reduced  on  distributions  from  a  custodial  account  under
section  403(b)(7)  of  the  Code  or  an  individual  retirement  account
("IRA"), due to death,  disability,  or minimum distribution  requirements
after age 70 1/2.


TX5S-12/97





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