WRL SERIES FUND, INC.
GLOBAL SECTOR PORTFOLIO
Supplement dated October 19, 1998 to Prospectus dated May 1, 1998
The following paragraph replaces the paragraph found on page 50, right hand
column under the heading "SUB-ADVISERS - MERIDIAN INVESTMENT MANAGEMENT
CORPORATION"
o Portfolio Manager:
Meridian's Investment Committee determines the guidelines for asset,
country, industry and securities weightings based on Meridian's proprietary
quantitative research methods. The Committee is comprised of Dr. Craig T.
Callahan and Patrick S. Boyle. Dr. Craig T. Callahan is Chairman of the
Investment Committee and Chief Investment Officer of Meridian, and directs
Meridian's investment research and analysis. Dr. Callahan obtained his D.B.A.
from Kent State University. Patrick S. Boyle, a Chartered Financial Analyst,
serves as Portfolio Manager and member of Meridian's Investment Committee. Mr.
Boyle's domestic research concentrates on the leisure, transportation,
telecommunications and utilities sectors. Mr. Boyle holds a Bachelor of Science
in Business Administration and a Master of Science in Finance from the
University of Denver and is a General Securities Representative with the
National Association of Securities Dealers, Inc. In performing sub-advisory
services, Meridian may draw upon additional members of its research team. These
employees are generally specialists within Meridian's research department.
However, the Investment Committee supervises the members of the research
department and remains fully responsible for all such services.
WRL00008-10/98
