Supplement, dated May 15, 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  supplements  the  information  set  forth in each  Series'
prospectus under "Purchase of Shares".

      The  minimum  amount  for  initial  investment  in the  Series is $500 for
investors who purchase  shares of the Series through  Merrill Lynch's MFA or MFA
Select programs.




TXHYUSG2S-5/97



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