IDEX SERIES FUND
GROWTH PORTFOLIO
Supplement dated January 1, 1999 to Prospectus dated
March 1, 1998, as supplemented August 31, 1998, August
3, 1998, June 25, 1998,
May 22, 1998 and March 31, 1998
The following paragraphs replace the first paragraph found on page 55, the left
hand column under the heading "SUB-ADVISERS - Capital Appreciation, Global,
Growth, Balanced and Flexible Income Portfolios - Portfolio
Managers:"
Scott W. Schoelzel and Edward Keely serve as Co-Portfolio Managers for the
Growth Portfolio. Mr. Schoelzel has been Portfolio Manager of the Portfolio
since January 1996, and served as a co-portfolio manager of the Portfolio since
1995. 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.
504588
ISF00004-1/99
