August 13, 1999
Securities and Exchange Commission
450 Fifth Street NW
Washington DC 20549
RE: Rule 497(e) prospectus supplement filing for Fortis
Advantage Portfolios,
Inc.
File No.: 811-5355 and 33-17759
Enclosed for filing is a Rule 497(e) prospectus supplement
for the above
referenced investment company. The purpose
of this supplement is to amend the portfolio management
disclosure and disclose
the availability of a new class share
offering of Asset Allocation Portfolio.
Please contact me at 651-738-5602 if you have questions.
Sincerely,
/s/ Scott R. Plummer
Scott R. Plummer
Vice President and Associate General Counsel
Fortis Advantage Portfolios, Inc.
Asset Allocation Portfolio
Supplement to Fortis Stock Funds' Prospectus
Dated January 1, 1999
The following information supersedes any contrary
information contained on page
25 of the Stock Funds'
prospectus in the section entitled "Portfolio Managers":
Kendall C. Peterson has replaced Ho Wang as a member of
Asset Allocation
Portfolio's portfolio management team.
Mr. Peterson has management responsibility for the below
investment-grade
securities contained in the fixed income
portion of the Portfolio. From July 1985 to July 1999 Mr.
Peterson was a fixed
income portfolio manager for The
Prudential Insurance Company of America in Newark, New
Jersey. Mr. Peterson
is located at One Chase Manhattan
Plaza, New York, New York 10005.
The following information supplements that information
contained within the
Stock Funds' prospectus
pertaining to class share offerings:
Effective July 26, 1999, Class Z shares of Asset Allocation
Portfolio are available
for investment by:
Fortis, Inc., or its subsidiaries and the following persons
associated with these
companies: (a) officers, directors,
employees or sales representatives; (b) their children,
grandchildren, parents,
grandparents or siblings; and (c)
spouses/domestic partners of any of such persons;
Fund directors or officers or their spouses/domestic
partners; or such persons'
children, grandchildren, parents,
grandparents, or spouses/domestic partners of the preceding;
Representatives of Fortis Investors (including agencies) or
their spouses; or such
persons' children, grandchildren,
parents, grandparents, or spouses of any such persons; and
Pension, profit sharing and other retirement plans created
for the benefit of any of
the above persons.
A separate prospectus for Asset Allocation Portfolio Class
Z, dated July 1, 1999,
is available to eligible investors
interested in purchasing shares of this fund class. To
obtain a prospectus for this
new class offering, please call the
toll-free number appearing on the front cover of this
prospectus.
