Supplement Dated August 3, 1999 to the Prospectus Dated May 3,
1999
Advantus Series Fund, Inc.
The Fund's Portfolios are not designed for market timers, or for
large or frequent transfers. The Fund may restrict or refuse
purchases or exchange by market timers. A variable contract or
variable policy owner will be considered to be a market timer if
that owner has: (i) requested an exchange out of the Portfolio
within two weeks of an earlier exchange request, or (ii)
exchanged shares out of a Portfolio more than twice in a
calendar quarter, or (iii) exchanged shares equal to at least $1
million, or more than 1% of the net assets of the Portfolio, or
(iv) otherwise seems to be following a timing pattern in the
exercise of exchange or transfer rights. Policies or contracts
under common control or ownership are combined for the purpose
of determining these limitations.
An additional Portfolio Manager for the Micro-Cap Growth
Portfolio is now David L. Baratta. Mr. Baratta is a Principal,
Portfolio Manager with Wall Street Associates. Prior to that
time, Mr. Baratta was a Portfolio Manager and Executive Vice
President with Morgan Grenfell, Inc. in New York, New York from
October 1994 to June 1999; and was a Portfolio Manager with BEM
Management in New York, New York from September 1991 to October
1994.
Investors should retain this supplement for future reference.
F. 53814 8-1999
