SELIGMAN PORTFOLIOS INC/NY
497, 1995-02-22
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Supplement, dated February 21, 1995, to the Prospectus, dated October 1, 1994,
                   of Seligman Portfolios, Inc. (the "Fund")

     Effective  January 26,  1995,  the name of the  Seligman  Henderson  Global
Emerging  Companies  Portfolio (the "Portfolio") of the Fund has been changed to
Seligman  Henderson  Global  Smaller  Companies  Portfolio.  The  change  of the
Portfolio's  name is to more  accurately  reflect the  Portfolio's  objective of
seeking  long-term  capital  appreciation  by  investing  globally  in small- to
medium-sized companies.

RVA1A




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