WRL SERIES FUND, INC.
ON BEHALF OF THE
BOND PORTFOLIO
SUPPLEMENT DATED NOVEMBER 6, 1997 TO PROSPECTUS DATED
MAY 1, 1997, AS REVISED JUNE 30, 1997 AND
SUPPLEMENTED SEPTEMBER 1, 1997
At a meeting of the Board of Directors (the "Board") of the WRL Series Fund,
Inc. (the "Fund"), held on June 23, 1997, the Board approved a change of
sub-adviser for the Bond Portfolio (the "Portfolio") from Janus Capital
Corporation to AEGON USA Investment Management, Inc. ("AIMI"), subject to
shareholder approval at a special meeting of shareholders to be held on December
15, 1997 (the "Meeting"). On October 14, 1997, the Board also approved a
modification of the Portfolio's investment objective.
The modification to the investment objective simplifies the reference to how the
Portfolio plans to achieve its objective.
Effective January 1, 1998, the following changes will be implemented (subject to
approval of the change of sub-adviser for the Portfolio by shareholders at the
Meeting):
SUB-ADVISER: AEGON USA Investment Management, Inc.
4333 Edgewood Road, N.E.
Cedar Rapids, Iowa 52499
PORTFOLIO MANAGERS: Clifford A. Sheets, CFA, and Jarrell D.
Frey, CFA, serve as Portfolio Managers of
the Bond Portfolio. Mr. Sheets has served
as a Portfolio Manager of the Bond
Portfolio since January, 1998. Mr. Sheets
has been with AIMI since 1990 and is
currently an Executive Vice President.
Prior to joining AIMI, Mr. Sheets was
head of the Fixed Income Management
Department of the Trust and Asset
Management Group of Bank One, Indianapolis
NA. Mr. Frey has served as a Portfolio
Manager for the Bond Portfolio since
January, 1998. Mr. Frey joined AIMI in
1994 and is currently a Senior Securities
Analyst. Prior to joining AIMI, Mr. Frey
was employed for five years by Woodmen
Accident and Life Company in Lincoln, NE
where he analyzed fixed income (both
public and private debt offerings) and
equity securities.
INVESTMENT OBJECTIVE: Seeks the highest possible current income
within the confines of the primary goal of
insuring protection of capital.
WRL00180-11/97
