JULY 9, 1999
DELAWARE GROUP PREMIUM FUND, INC.
GLOBAL BOND SERIES
SUPPLEMENT TO THE PROSPECTUS
The following replaces the information under "Portfolio managers"
in the Prospectus for the Global Bond Series:
Christopher A. Moth and Joanna Bates have primary responsibility
for making day-to-day investment decisions for Global Bond
Series. In making investment decisions for the Series, Mr. Moth
and Ms. Bates regularly consult with David G. Tilles and four
global fixed income team members.
Christopher A. Moth, Senior Portfolio Manager, Delaware
International Advisers Ltd.
Mr. Moth became Co-Manager of Global Bond Series in January 1997.
He is a graduate of The City University London, and joined
Delaware International Advisers in 1992. He previously worked at
the Guardian Royal Exchange in an actuarial capacity where he was
responsible for technical analysis, quantitative models and
projections. Mr. Moth has been awarded the certificate in
Finance and Investment from the Institute of Actuaries in London.
Joanna Bates, Senior Portfolio Manager, Delaware International
Advisers Ltd.
Ms. Bates became Co-Manager of Global Bond Series in July 1999.
She is a graduate of London University, and joined the Fixed
Income team at Delaware International Advisers in June 1997.
Prior to that she was Associate Director, Fixed Interest at Hill
Samuel Investment Management which she joined in 1990. She had
previously worked at Fidelity International and Save & Prosper as
fund manager and analyst for global bond markets. Ms. Bates is
an associate of the Institute of Investment Management and
Research.
David G. Tilles, Managing Director and Chief Investment Officer
of Delaware International Advisers Ltd.
Mr. Tilles was educated at the Sorbonne, Warwick University and
Heidelberg University. Prior to joining Delaware International
Advisers in 1990 as Managing Director and Chief Investment
Officer, he spent 16 years with Hill Samuel Investment Management
Group in London, serving in a number of investment capacities.
His most recent position prior to joining Delaware International
Advisers was Chief Investment Officer of Hill Samuel Investment
Management Ltd.
JULY 9, 1999
DELAWARE GROUP PREMIUM FUND, INC.
STRATEGIC INCOME SERIES
SUPPLEMENT TO THE PROSPECTUS
The following revises the information under "Portfolio managers"
in the Prospectus for the Strategic Income Series:
Christopher A. Moth and Joanna Bates have primary responsibility
for making day-to-day investment decisions for Strategic Income
Series regarding its investments in foreign securities. In
making investment decisions for the Series, Mr. Moth and Ms.
Bates regularly consult with David G. Tilles and four global
fixed-income team members.
Christopher A. Moth, Senior Portfolio Manager, Delaware
International Advisers Ltd.
Mr. Moth became Co-Manager of Strategic Income Series in July
1999. He is a graduate of The City University London, and joined
Delaware International Advisers in 1992. He previously worked at
the Guardian Royal Exchange in an actuarial capacity where he was
responsible for technical analysis, quantitative models and
projections. Mr. Moth has been awarded the certificate in
Finance and Investment from the Institute of Actuaries in London.
Joanna Bates, Senior Portfolio Manager, Delaware International
Advisers Ltd.
Ms. Bates became Co-Manager of Strategic Income Series in July
1999. She is a graduate of London University, and joined the
Fixed Income team at Delaware International Advisers in June
1997. Prior to that she was Associate Director, Fixed Interest
at Hill Samuel Investment Management which she joined in 1990.
She had previously worked at Fidelity International and Save &
Prosper as fund manager and analyst for global bond markets. Ms.
Bates is an associate of the Institute of Investment Management
and Research.
David G. Tilles, Managing Director and Chief Investment Officer
of Delaware International Advisers Ltd.
Mr. Tilles was educated at the Sorbonne, Warwick University and
Heidelberg University. Prior to joining Delaware International
Advisers in 1990 as Managing Director and Chief Investment
Officer, he spent 16 years with Hill Samuel Investment Management
Group in London, serving in a number of investment capacities.
His most recent position prior to joining Delaware International
Advisers was Chief Investment Officer of Hill Samuel Investment
Management Ltd.
