SAFECO RESOURCE SERIES TRUST, 497, 2000-09-29

SAFECO RESOURCE SERIES TRUST
497, 2000-09-29

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                          SAFECO RESOURCE SERIES TRUST
                             Money Market Portfolio

                 SUPPLEMENT TO THE PROSPECTUS DATED MAY 1, 2000
                        SUPPLEMENT DATED OCTOBER 1, 2000

The  following  information  replaces  the third  paragraph  under  the  heading
"Management"  on  page  5 of the  SAFECO  Resource  Series  Trust  Money  Market
Portfolio Prospectus:

         The Money Market Portfolio is managed by Lesley Fox, Assistant Vice
         President of SAM.  Ms. Fox has been a co-manager of the Portfolio
         since May 1, 2000.  From 1994 to 2000 Ms. Fox was a Senior Investment
         Officer for King County, Washington.


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