FORTIS SERIES FUND, INC.
Prospectus Supplement dated July 3, 1995
to cover page of Prospectus dated May 1, 1995
Effective July 3, 1995, Global Bond Series has been
reclassified as a "non-diversified" investment company
under the Investment Company Act of 1940, as amended.
This means that the Series will no longer be subject to
the restriction that formerly required at least 75% of
the value of its total assets to be represented by cash
and cash items (including receivables), government
securities, securities of other investment companies, and
other securities for the proposes of this calculation
limited in respect of any one issuer to an amount no
greater in value than 5% of the value of the total assets
of the Portfolio and to not more than 10% of the
outstanding voting securities of such issuer. Due to
this reduction in diversification requirements,
investment risk may increase. However, the Series will
still be required to meet certain diversification
requirements in order to qualify as a regulated
investment company for federal income tax proposes under
the Internal Revenue Code of 1986, as amended (the
"Code"). The Code also imposes certain diversification
requirements on the investment of segregated accounts
underlying variable annuity and life insurance contracts,
and the Series is subject to these diversification
requirements. In addition, the State of California
Department of Insurance imposes certain foreign country
diversification limitations on the Series.
Please also note that not more than 5% of the Global Bond
Series' net assets will be invested collectively at any
time in IO's, PO's, inverse floaters, and accrual bonds.
