IDEX SERIES FUND
GLOBAL PORTFOLIO
INTERNATIONAL EQUITY PORTFOLIO
SUPPLEMENT DATED APRIL 21, 1997
TO PROSPECTUS DATED FEBRUARY 1, 1997
AS PREVIOUSLY SUPPLEMENTED FEBRUARY 28, 1997
PLEASE READ THIS SUPPLEMENT CAREFULLY AND RETAIN IT FOR FUTURE REFERENCE.
The following paragraph replaces the first paragraph on page 39 under the
section "INVESTMENT ADVISORY AND OTHER SERVICES - CAPITAL APPRECIATION, GLOBAL,
GROWTH, BALANCED AND FLEXIBLE INCOME PORTFOLIOS - ADVISORY FEE REIMBURSEMENT" in
its entirety:
IMI will reimburse each of these Portfolios, other than the Global
Portfolio, or waive fees, or both, to the extent that the Portfolio's
normal net operating expenses, including advisory fees but excluding
interest, taxes, brokerage commissions and 12b-1 fees, exceed on an annual
basis 1.50% of that Portfolio's average daily net assets. The Global
Portfolio does not have an expense limitation.
* * * * * * * * * *
The following paragraph replaces the first paragraph on page 39 under the
section "INVESTMENT ADVISORY AND OTHER SERVICES - AGGRESSIVE GROWTH,
INTERNATIONAL EQUITY, C.A.S.E., VALUE EQUITY, STRATEGIC TOTAL RETURN, TACTICAL
ASSET ALLOCATION, INCOME PLUS AND TAX-EXEMPT PORTFOLIOS - ADVISORY FEE
REIMBURSEMENT" in its entirety:
ISI will reimburse the following Portfolios or waive fees, or both, to the
extent that the Portfolio's normal net operating expenses, including
advisory fees but excluding interest, taxes, brokerage commissions and
12b-1 fees, exceed on an annual basis the following percentages of each
Portfolio's average daily net assets: Tax-Exempt Portfolio, 0.65%; Income
Plus Portfolio, 1.25%; Aggressive Growth, Strategic Total Return, Tactical
Asset Allocation and C.A.S.E. Portfolios, 1.50%; and Value Equity
Portfolio, 1.15% for the first nine months of the Portfolio's operations,
and 1.50% thereafter. ISI will reimburse the International Equity Portfolio
during the first twelve months of the Portfolio's operations, for the
amount of such expenses that exceed 1.35% of the Portfolio's average daily
net assets for the first nine months of the Portfolio's operations, and
1.50% for the following three months of the Portfolio's operations.
<PAGE>
IDEX SERIES FUND
GLOBAL PORTFOLIO
INTERNATIONAL EQUITY PORTFOLIO
SUPPLEMENT DATED APRIL 21, 1997
TO STATEMENT OF ADDITIONAL INFORMATION
DATED FEBRUARY 1, 1997
PLEASE READ THIS SUPPLEMENT CAREFULLY AND RETAIN IT FOR FUTURE REFERENCE.
The last sentence in the fourth full paragraph on page 34 under the section
"INVESTMENT ADVISORY AND OTHER SERVICES" is corrected to read as follows.
Deleted language is indicated by strike out and added language is underlined.
The respective investment adviser will reimburse a Portfolio, or waive
fees, or both, whenever, in any fiscal year, the total cost to a Portfolio
of normal operating expenses chargeable to its income account, including
the investment advisory fee but excluding brokerage commissions, interest,
taxes and 12b-1 fees, exceeds, in the case of the Aggressive Growth,
Capital Appreciation, Growth, C.A.S.E., Strategic Total Return, Tactical
Asset Allocation, Balanced and Flexible Income Portfolios, 1.5% of each
Portfolio's average daily net assets; in the case of the Tax-Exempt and
Income Plus Portfolios, 0.65% and 1.25% of the Portfolio's average daily
net assets, respectively; and in the case of the Value Equity Portfolio,
1.15% for the first nine months of the Portfolio's operations and 1.50%
thereafter. ISI will reimburse the International Equity Portfolio during
the first twelve months of the Portfolio's operations, for the amount of
such expenses that exceed 1.35% of the Portfolio's average daily net assets
for the first nine months of the Portfolio's operations, and 1.50% for the
following three months of the Portfolio's operations. The Global Portfolio
does not have an expense limitation.
