Delaware Group Premium Fund, Inc.
Social Awareness Series
Supplement to Prospectus dated May 1, 1999
The following replaces the information under "Portfolio managers"
in the Series' Prospectus:
Effective September 20, 1999, Enrique Chang and Christopher P.
Harvey have primary responsibility for making day-to-day
investment decisions for the Social Awareness Series.
Enrique Chang, Senior Vice President and Chief Investment Officer
of Vantage Investment Advisors, became co-manager of the Series
in January 1999. Mr. Chang oversees the management of all equity
portfolios and directs Vantage's quantitative research efforts.
He received a BA in mathematics from Fairleigh Dickinson
University in May of 1985, an MBA in finance and quantitative
analysis from New York University in May of 1988, and an MS in
statistics and operations research from New York University in
May of 1996. He was previously an actuary with Prudential,
Director of Quantitative Analysis and Strategy with General
Reinsurance Corporation, and Senior Vice President and Director
of Quantitative Analysis with J&W Seligman.
Christopher P. Harvey, Vice President of Vantage Investment
Advisors, became co-manager of the Series in January 1999. Mr.
Harvey manages portfolios, conducts investment research and
assists in equity trading. He graduated from Bucknell University
with a BS degree in accounting. He received an MBA from the Stern
School of Business at New York University. Prior to joining
Vantage Investment Advisors, Mr. Harvey was a financial analyst
with Merrill Lynch.
