LB SERIES FUND, INC.
Supplement to Prospectus Dated
May 1, 1999
Relating to the Income Portfolio
Effective September 1, 1999, Charles E. Heeren will assume
responsibilities as Head of Equity Management for Lutheran Brotherhood and
will no longer be serving as portfolio manager of LB Series Fund, Inc.
Income Portfolio. On September 1, 1999, Mark L. Simenstad, Vice President
of Lutheran Brotherhood, will become portfolio manager of LB Series Fund,
Inc. Income Portfolio. Mr. Simenstad was employed by Lutheran Brotherhood
from 1983 to 1993, serving as an analyst, research director, and portfolio
manager. Mr. Simenstad then served as a portfolio manager with Investment
Advisors, Inc. from 1993 to 1996, and chief investment officer for fixed-
income investing at Voyageur Asset Management from 1996 until re-joining
Lutheran Brotherhood.
September 1, 1999
PLEASE INCLUDE THIS SUPPLEMENT WITH YOUR PROSPECTUS
