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SUPPLEMENT DATED APRIL 22, 1996 TO THE
PACIFIC SELECT FUND PROSPECTUS
DATED APRIL 1, 1996 ("PROSPECTUS")
The following paragraph under the ORGANIZATION AND MANAGEMENT OF THE FUND
section of the Prospectus is amended to read:
WHO AT BLAIRLOGIE MANAGES THE EMERGING MARKETS PORTFOLIO? James Smith, Chief
Investment Officer and Managing Director of Blairlogie since 1992, is
primarily responsible for the day-to-day management of the Emerging Markets
Portfolio. He is responsible for managing an investment team of seven
professionals, who, in turn, specialize in selection of stocks within Europe,
Asia, the Americas, and in currency and derivatives. He previously served as a
Senior Portfolio Manager at Murray Johnstone in Glasgow, Scotland, responsible
for international investment management for North American Clients, and at
Schroder Investment Management in London. Mr. Smith received his bachelor's
degree in Economics from London University and his MBA from Edinburgh
University. He is an Associate of the Institute of Investment Management and
Research. Gavin Dobson, Chief Executive Officer and Managing Director of
Blairlogie Capital Management since 1992, plays a key role in monitoring the
investment strategy of the Portfolio with Mr. Smith and oversees the
relationship with the Fund. He has 20 years of investment experience including
the position of President and Chief Operating Officer of Murray Johnstone
International in Chicago, Illinois from 1989 to 1992. Qualified as a Scottish
attorney in 1976, Mr. Dobson has degrees in Economics from Dundee University
and Law from Edinburgh University. Messrs. Dobson and Smith are co-founders of
Blairlogie.
