SAFECO RESOURCE SERIES TRUST, 497, 1997-08-11

SAFECO RESOURCE SERIES TRUST
497, 1997-08-11

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                             SAFECO RESOURCE SERIES TRUST
                  SUPPLEMENT TO THE PROSPECTUS DATED APRIL 30, 1997
                           SUPPLEMENT DATED AUGUST 11, 1997

THE FOLLOWING SUPPLEMENTAL INFORMATION REPLACES THE INFORMATION UNDER THE
HEADING "PORTFOLIO MANAGER" ON PAGE 10 OF THE TRUST'S BOND PORTFOLIO PROSPECTUS:

    The portfolio manager for the Bond Portfolio is Michael Hughes, Assistant
    Vice President, SAM.  Mr. Hughes was Vice President and a portfolio manager
    for First Interstate Capital Management Company from 1995 to 1996, and Vice
    President and portfolio manager for First Interstate Bank of California
    from 1988 to 1995.