LB SERIES FUND, INC.
Supplement to Prospectus Dated
May 1, 2000
Relating to the High Yield Portfolio
Effective January 12, 2001, Thomas N. Haag, Assistant Vice President of
Lutheran Brotherhood, and Mark L. Simenstad, Vice President of Lutheran
Brotherhood, will serve as co-portfolio managers of the High Yield Portfolio
of LB Series Fund, Inc. Mr. Haag has served as the portfolio manager of the
High Yield Portfolio since 1992. 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 in 1999. Effective January 12, 2001, Mr.
Simenstad also will serve as the co-portfolio manager of Lutheran
Brotherhood High Yield Fund, and he continues to serve as the portfolio
manager of the Income Portfolio of LB Series Fund, Inc., a position he has
held since 1999.
January 16, 2001
PLEASE INCLUDE THIS SUPPLEMENT WITH YOUR PROSPECTUS
