WRL SERIES FUND, INC.
GROWTH PORTFOLIO
Supplement dated January 1, 1999 to Prospectus
dated May 1, 1998,
as supplemented December 21, 1998
The following paragraphs replace the first paragraph found on page 47, the right
hand column under the heading "SUB-ADVISERS - JANUS CAPITAL CORPORATION":
Portfolio Managers:
Scott W. Schoelzel and Edward Keely serve as Co-Portfolio Managers for the
Growth Portfolio. Mr. Schoelzel has been a Portfolio Manager of the Portfolio
since January 1996. Mr. Schoelzel also serves as co-portfolio manager of other
mutual funds. Mr. Schoelzel is a Vice President of Janus Capital, where he has
been employed since 1994. From 1991 to 1993, Mr. Schoelzel was a portfolio
manager with Founders Asset Management, Denver, Colorado.
Edward Keely has served as Co-Portfolio Manager since January 1999. Mr.
Keely is Vice President of Investments at Janus. Prior to joining Janus in 1998,
Mr. Keely served as Senior Vice President of Investments at Founders, where he
was also the portfolio manager of Founders Growth Fund from 1994-1998. Prior to
managing Founders Growth Fund, he was assistant Portfolio Manager of both
Founders Discovery and Frontier Funds. Mr. Keely holds a bachelor's degree in
economics from Colorado College.
WRL00015-01/99
