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SUPPLEMENT DATED SEPTEMBER 5, 1996 TO THE PROSPECTUS DATED FEBRUARY 1, 1996
ADVANTUS Horizon Fund, Inc.
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400 Robert Street North - St. Paul, Minnesota 55101 - 1-800-443-3677
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Effective September 5, 1996, the Portfolio Managers responsible for the
day-to-day management of the Fund's portfolio are Mr. Thomas A. Gunderson and
Mr. Jeffrey R. Erickson. Additional information regarding the portfolio managers
is set forth below:
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PORTFOLIO MANAGER PRIMARY PORTFOLIO BUSINESS EXPERIENCE
AND TITLE MANAGER SINCE DURING PAST FIVE YEARS
<S> <C> <C>
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THOMAS A. GUNDERSON SEPTEMBER 5, 1996 VICE PRESIDENT OF ADVANTUS CAPITAL; INVESTMENT
(LEAD MANAGER) OFFICER OF MIMLIC MANAGEMENT
VICE PRESIDENT AND
PORTFOLIO MANAGER
JEFFREY R. ERICKSON SEPTEMBER 5, 1996 VICE PRESIDENT OF ADVANTUS CAPITAL AND PORTFOLIO
VICE PRESIDENT AND MANAGER, MIMLIC MANAGEMENT, JUNE 1994 TO PRESENT;
PORTFOLIO MANAGER EMERGING COUNTRY ANALYST, UNIFUND, APRIL 1994 TO
MAY 1994; NORTH AMERICAN EQUITY STRATEGIST, CREDIT
SUISSE, NOVEMBER 1993 TO MARCH 1994; INVESTMENT
OFFICER, MIMLIC MANAGEMENT, JUNE 1986 TO AUGUST
1993
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F. 50238 9-96
