Supplement, dated April 2, 1998, to the prospectus, dated May 1, 1997,
of
Seligman Portfolios, Inc. (the "Fund")
The following supersedes the related information set forth in the
Fund's prospectus.
On March 30, 1998, AMP Limited, an Australian life insurance and
financial services company, acquired control of Henderson plc pursuant
to a cash offer. Henderson plc is the indirect owner of 50% of Seligman
Henderson Co., the Subadviser to the Seligman Henderson Portfolios of
the Fund. As a result of this acquisition, the subadvisory agreements
between the Manager and Seligman Henderson Co. relating to the Fund
terminated automatically in accordance with their terms. Pursuant to an
order issued by the Securities and Exchange Commission, and with the
approval of the Fund's Board of Directors, the Manager has entered into
new subadvisory agreements with Seligman Henderson Co. with respect to
the Seligman Henderson Portfolios of the Fund. The new subadvisory
advisory agreements are identical in all respects to the previous
agreements except for their commencement and termination dates. A
meeting of shareholders of the Seligman Henderson Portfolios of the Fund
is exepcted to be held on June 30, 1998 to vote on the new subadvisory
agreements.
SUPP3-4/98