WRL SERIES FUND, INC.
UTILITY PORTFOLIO
SUPPLEMENT DATED JULY 1, 1996
TO PROSPECTUS DATED MAY 1, 1996
THE FOLLOWING MODIFIES AND SUPPLEMENTS THE TEXT UNDER THE HEADING
"MANAGEMENT OF THE FUND - THE SUB ADVISER" ON PAGE 5:
The following replaces the first sentence of the second paragraph -
Christopher H. Wiles and Linda A. Duessel serve as co-portfolio
managers of the Portfolio. Mr. Wiles has been a portfolio manager of the
Portfolio since its inception.
The following paragraph is added after the second paragraph-
Linda A. Duessel has served as co-portfolio manager of the
Portfolio since July 1996. Ms. Duessel is a Chartered Financial Analyst and a
Certified Public Accountant. Ms. Duessel also serves as co-portfolio manager for
other utility funds managed by the Sub-Adviser. Prior to joining the Sub-Adviser
in 1991, Ms. Duessel was an analyst and high yield bond portfolio manager at
Westinghouse Credit Corporation for eight years and a C.P.A. at Arthur Young and
Company for three years. Ms. Duessel received her B.S., Finance, from the
Wharton School of the University of Pennsylvania and her M.S.I.A., from Carnegie
Mellon University.
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