Supplement, dated July 30, 1996, to the prospectus, dated May 1, 1996
of Seligman Portfolios, Inc. (the "Fund").
The Board of Directors of the Fund has unanimously approved and
recommended to shareholders for approval at a special meeting of shareholders to
be held on September 30, 1996, a change in the investment objective of the
Fund's Seligman Henderson Global Portfolio (the "Global Portfolio") from that of
a "global" fund to that of an "international" fund. Shareholder approval of this
proposal would change the investment objective of the Global Portfolios to
long-term capital appreciation primarily through international investments
(rather than global investments) in securities of medium to large-sized
companies. This would have the effect of changing the Global Portfolio's current
policy that invests at least 65% of its assets in securities of issuers located
in at least three different countries, one of which may be the U.S., to a policy
that the Global Portfolio invests at least 65% of its assets in securities of
issuers located in at least three different countries, not including the U.S.
The Board of Directors has also approved, subject to shareholder
approval of the foregoing, a change in the name of the Global Portfolio to
"Seligman Henderson International Portfolio" in order to more accurately reflect
its new investment policy.
RVAS-7/96
