WRL SERIES FUND, INC.
SUPPLEMENT DATED SEPTEMBER 10, 1999 TO PROSPECTUS DATED MAY 1, 1999
THE FOLLOWING PARAGRAPH IS ADDED AFTER THE THIRD PARAGRAPH OF THE LEFT HAND
COLUMN FOUND ON PAGE 43, UNDER THE HEADING "HOW THE FUND IS MANAGED AND
ORGANIZED":
The Fund has received an order from the Securities and Exchange Commission that
will permit the Fund and the investment adviser, subject to certain conditions,
and without the approval of shareholders to: (1) employ a new unaffiliated
sub-adviser for a portfolio pursuant to the terms of a new investment
sub-advisory agreement, either as a replacement for an existing sub-adviser or
as an additional sub-adviser; (2) materially change the terms of any
sub-advisory agreement; and (3) continue the employment of an existing
sub-adviser on the same sub-advisory contract terms where a contract has been
assigned because of a change in control of the sub-adviser. In such
circumstances, shareholders would receive notice and information about the new
sub-adviser within ninety (90) days after the hiring of any new sub-adviser.
